Maldives central bank denies money laundering allegations
MDP Chairperson Ali Waheed had told the opposition-aligned Raajje TV last week that US$1.5 billion in cash was brought to the Maldives last year on a chartered flight, stored at the state treasury, and transferred to private bank accounts through the MMA.
13 Feb 2016, 9:00 AM
The Maldives Monetary Authority has denied allegations made by the main opposition Maldivian Democratic Party chairperson of the central bank’s “direct involvement” in money laundering.
Ali Waheed had told the opposition-aligned Raajje TV last week that US$1.5 billion in cash was brought to the Maldives last year on a chartered flight, stored at the state treasury, and transferred to private bank accounts through the MMA.
The MMA said in a press release on Wednesday that the former MPs’ allegations are “complete falsehoods” without any supporting evidence, adding that the bank is considering legal action against persons who defame the institution and its senior officials.
The state treasury is inside the MMA and not at the Maldives National Defence Force as Ali Waheed claimed, the statement noted, assuring that cash is withdrawn or deposited only in the presence of officials from the central bank, the parliament, the auditor general’s office, and the finance ministry.
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