Anti-corruption commissioner testifies against ex-president Yameen
The defence plans to call former central bank governor Azeema Adam.
04 Aug 2019, 9:00 AM
The anti-graft watchdog’s chief on Sunday testified against former president Abdulla Yameen in his money laundering trial.
The 60-year-old opposition leader is accused of laundering 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 the Maldives Marketing and Public Relations Corporation during his administration.
Charges were raised under the 2014 anti-money laundering law for allegedly benefiting from two US$500,000 cheques from SOF with reasonable grounds to suspect that it was ill-gotten.
He is also accused of violating an agreement made with the Anti-Corruption Commission to hold the US$1 million in an escrow account. Yameen transferred the SOF money to an investment account at the Maldives Islamic Bank and deposited US$1 million from a different source to the escrow account.
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