Police investigating ‘Xpress Money’ transfer fraud
11 Apr 2013, 6:19 PM
Ahmed Nazeer
Police have launched a fraud investigation concerning the transfer of MVR388,000 (US $25,162) out of the Maldives after a service called ‘Xpress Money’ was alleged to have been hacked by thieves.
According to local newspapers, individuals are suspected of stealing the money by hacking into the Xpress Money website and transferring the funds overseas.
Xpress Money, which is operated in association with Maldives Post Limited (MPL), provides money transfer services to Pakistan, Bangladhesh, Nepal and the Philippines, according to Maldives Post Limited’s own website.
Police Spokesperson Chief Inspector Hassan Haneef told Minivan News today (April 11) that a case had been filed with the police on April 8 regarding the transfer, which formed part of several investigations into fraudulent transfer payments.
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