Central bank officials questioned behind closed doors

The officials were summoned for an inquiry into the Anti-Corruption Commission’s report on the theft of US$90 million from the Maldives Marketing and Public Relations Corporation, a corruption scandal of unprecedented scale in Maldivian history.

Reporters were barred entry after the oversight committee’s members decided to hold the meetings in secret.

According to the long-awaited ACC report released last month, the central bank’s Financial Intelligence Unit failed to take action when resort acquisition fees paid to the MMPRC were diverted through a private company’s accounts at the Bank of Maldives and Bank of Ceylon.