Ex-president admits using US$1m linked to corruption scandal
Yameen is accused of money laundering and giving false information to the anti-corruption watchdog.
09 Jan 2019, 9:00 AM
After spending six hours completing a statement at the police headquarters Tuesday, former president Abdulla Yameen admitted using funds transferred from a company linked to a massive corruption scandal under his watch.
Yameen is under investigation over US$1 million deposited to his account at the Maldives Islamic Bank by SOF, a local company that was used to siphon off resort acquisition fees paid to the Maldives Marketing and Public Relations Corporation.
He is accused of money laundering and giving false information to the Anti-Corruption Commission during its investigation into the unprecedented theft of US$90 million from the state-owned company.
In early 2018, Yameen made an agreement to keep the money in an escrow account formed with the ACC.
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