Monday, May 29, 2023
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

Former President Yameen Set to Sue BML for Denying Access to US$ 1 Million

Ibrahim by Ibrahim
September 4, 2022
0
Former President Yameen Set to Sue BML for Denying Access to US$ 1 Million
0
SHARES
6
VIEWS

Former President Abdullah Yameen has said that he is preparing to file a legal case against Bank of Maldives (BML) for denying him access to the disputed USD 1 million in his escrow account.

In an interview with Sangu TV last night, the former President said that the money seized by the state in an escrow account as part of the Maldives Marketing and Public Relations Company (MMPRC) scandal was money he had earned legitimately and that he had not intended to use the money in an unlawful manner. Yameen said though his former Vice President Ahmed Adeeb had written him a check for USD 1 million, the matter was still in dispute and he was acquitted for the charges last November.

Yameen explained that he had struck an escrow agreement with the Anti Corruption Commission (ACC) and as part of the agreement, if the ACC was unable to prove that the money belonged to the State within a year, the money should be rightfully returned to Yameen himself. However, BML is yet to transfer the money and plans to sue the bank to get it back, according to Yameen.

Yameen was convicted of money laundering and bribery and was jailed back in 2019 after receiving a sentence of 5 years in jail and a fine of MVR 5 million. However, the Supreme Court accepted his appeal case and acquitted him of the charges based on a few discrepancies and legitimacy of two key witnesses, former Vice President Ahmed Adeeb and former Managing Director of MMPRC  Ahmed Ziyath.

The Prosecutor General’s Office (PGO) has filed more money laundering charges against the former President on 24 November 2021 at the Criminal Court regarding the lease of V. Aarah, with the trial currently ongoing. The PGO also has another ongoing case against the Former President of accepting bribes worth MVR 117,000 during the lease of R. Fuggiri for the development of a tourist resort.

Tags: Former President Abdulla YameenMMPRC Scandal

Related Posts

Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack
Local

Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack

May 26, 2023
MRM Dissolved by Elections Commission
Local

MRM Dissolved by Elections Commission

May 26, 2023
Australia Opens High Commission in the Maldives
Local

Australia Opens High Commission in the Maldives

May 26, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

March 12, 2023
Italian Cruise Ship Costa Deliziosa Arrives in Maldives

Italian Cruise Ship Costa Deliziosa Arrives in Maldives

February 5, 2023
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
Stewart Fired as CEO of MACL

Stewart Fired as CEO of MACL

1
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack

Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack

May 26, 2023
MRM Dissolved by Elections Commission

MRM Dissolved by Elections Commission

May 26, 2023
Australia Opens High Commission in the Maldives

Australia Opens High Commission in the Maldives

May 26, 2023
Maldives and Malaysia Strengthen Economic Relations with Double Tax Avoidance Agreement

Maldives and Malaysia Strengthen Economic Relations with Double Tax Avoidance Agreement

May 26, 2023

Recent News

Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack

Government Takes Firm Stance Against False Accusations Towards President Solih Regarding May 6th Attack

May 26, 2023
MRM Dissolved by Elections Commission

MRM Dissolved by Elections Commission

May 26, 2023
Australia Opens High Commission in the Maldives

Australia Opens High Commission in the Maldives

May 26, 2023
Maldives and Malaysia Strengthen Economic Relations with Double Tax Avoidance Agreement

Maldives and Malaysia Strengthen Economic Relations with Double Tax Avoidance Agreement

May 26, 2023
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily