Crime

High Court unfreezes ex-president Yameen’s bank accounts

The appellate court overturned a lower court order to freeze eight accounts.

31 Mar 2019, 9:00 AM
The High Court overturned Sunday a criminal court order that froze the bank accounts of former president Abdulla Yameen.
Yameen appealed after his bank accounts were frozen in December with more than MVR100 million (US$6.5 million) in US dollars and local currency. 
The ruling comes days after the High Court quashed a criminal court order to detain Yameen for the duration of an upcoming trial on money laundering charges.
The bank accounts were frozen after the opposition leader was questioned over US$1 million transferred to his account by a company implicated in the country’s biggest corruption scandal. Eight accounts at the Maldives Islamic Bank were frozen after the police presented bank statements along with a letter from the central bank.

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