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Tag "money laundering"

Money laundering checks are a burden on small countries, says Yameen

President Abdulla Yameen has described international money-laundering checks as “red tape” that inflicts disproportionate burdens on small economies.

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Transparency calls for ‘broad investigation’ after corruption exposé

Anti-corruption NGO Transparency Maldives has called for a broad and independent investigation into allegations raised in an Al Jazeera exposé about systemic corruption, abuse of power and criminal activity at the highest level of government.

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Al Jazeera corruption exposé dismissed as ‘defamatory and biased’

The government has dismissed an explosive Al Jazeera corruption exposé aired on Wednesday as defamatory and biased, accusing the Qatari broadcaster of advancing the opposition’s agenda to oust President Abdulla Yameen.

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Majlis approves diplomatic postings to UN and Europe

The People’s Majlis approved today President Abdulla Yameen’s nominees for the new Maldivian permanent representative to the UN and non-resident ambassador to the Netherlands and Luxembourg.

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President ‘halted’ central bank inquiry into money laundering

The opposition has renewed calls for Yameen’s arrest, claiming it has new evidence he instructed the central bank to halt an inquiry into the Maldives’ biggest ever corruption scandal.

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MDP questions sudden surge in foreign reserves

The main opposition Maldivian Democratic Party has called for an inquiry into the sudden hike in Maldives’ foreign reserves. The source of some US$400million is unknown, the party said in a report issued on Monday.

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President blames Nasheed for Maldives losing correspondent bank

President Abdulla Yameen has blamed former President Mohamed Nasheed’s claims of Maldivians joining extremist groups in Syria for an international bank dropping the Maldives from its client list.

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Maldives central bank denies money laundering allegations

MDP Chairperson Ali Waheed had told the opposition-aligned Raajje TV last week that US$1.5 billion in cash was brought to the Maldives last year on a chartered flight, stored at the state treasury, and transferred to private bank accounts through the MMA.

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MDP chairperson challenges Yameen to dispute evidence of corruption

Citing the transaction number, the bank account number, the name of the employee who oversaw the transaction, and the name and mobile phone number of the bank’s manager, Ali Waheed challenged Yameen to refute the allegation that US$500,000 was deposited to his account at the Maldives Islamic Bank on October 12.

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MDP claims evidence of Maldives government involvement in terrorism financing

The main opposition Maldivian Democratic Party claims it has damning evidence of government involvement in terrorism financing, money laundering, and bribery.

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Former Vice President, top tourism official face fresh corruption charges

The Prosecutor General’s office has meanwhile filed money laundering charges against Hamid Ismail – an influential businessman related to detained former Vice President Ahmed Adeeb – at the criminal court this morning. According to the police, acquisition fees paid to the government’s tourism promotion company for a resort lease were deposited into the accounts of a company linked to Hamid, instead of the state treasury.

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Adeeb faces fresh charges over missing funds from 17 resort leases

The police have also forwarded money laundering charges against Hamid Ismail, an influential businessman related to Adeeb. According to the police, acquisition fees paid to the MMPRC for a resort lease was deposited into the accounts of a company linked to Hamid, instead of the state treasury.

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Boat blast suspect re-arrested on money laundering charge

An influential businessman, arrested in Malaysia, on suspicion of links to an explosion on President Abdulla Yameen’s speedboat was released on Friday, but detained immediately on a new charge of money laundering.

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