Prosecution witness testimony concluded in ex-president’s money laundering trial
The admissibility of a statement from the anti-corruption chief was contested.
03 Sep 2019, 9:00 AM
After concluding testimony from prosecution witnesses on Tuesday, the criminal court is due to rule on the admissibility of a video statement from the anti-graft watchdog’s former chief as evidence in the money laundering trial of former president Abdulla Yameen.
The court heard from bank officials and a former tourism minister about the source of US$1 million held in an escrow account formed under an agreement between Yameen and the Anti-Corruption Commission.
The 60-year-old opposition leader was charged over US$1 million deposited to his personal account by SOF, a company that was used to funnel the bulk of US$90 million stolen from state coffers. He is also accused of violating the agreement signed with the ACC to hold the US$1 million in an escrow account.
Yameen has admitted to transferring the SOF money to an investment account at the Maldives Islamic Bank and depositing US$1 million from a different source to the escrow account.
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