President's Alleged BML-Led Coup Attempt: Case Filed Due to Lack of Criminal Evidence!
MPS has concluded that there are no grounds for a criminal investigation into allegations of an attempted "financial coup" linked to a previous decision by the Bank of Maldives (BML). In a response provided under the Right to Information Act, the police stated that the case has been filed and closed as there was no basis to proceed with a formal investigation. The probe was initially launched after the government characterized the bank’s brief suspension of dollar allowances on local credit and debit cards as an attempt to overthrow the administration.
From the ceremony held by BML to establish its ATM network in Faafu Atoll. | BML
The Maldives Police Service has closed its investigation into allegations of a "coup" attempt involving the Bank of Maldives (BML), citing a lack of evidence to support any criminal charges.
The police disclosed this information in response to a request submitted by a private individual through the 'Maholi' portal, under the Right to Information Act.
In their official response, the police stated that according to their records, an inquiry into the allegations arising from a 2024 Bank of Maldives decision revealed no grounds to conduct a criminal investigation. Consequently, the police confirmed that the case has been filed.
President Dr. Mohamed Muizzu has accused the national bank, BML, of attempting a coup. The President stated that the bank's decision to suspend dollar transactions on Maldivian Rufiyaa cards was a direct attempt to orchestrate a coup d'état.
The President stated at the time that the move was orchestrated by the MDP through the Bank of Maldives. He further asserted that any person of sound mind would recognize the incident as an attempted coup upon reflection.
At the time, the police had already launched an investigation into the allegations of an attempted coup. However, the case has now been filed away. Following those allegations, the government has also implemented the administrative changes it sought within the management of the Bank of Maldives.
Furthermore, the government is now defending the very actions that the President previously labeled as a coup, specifically advocating for the measures taken by the bank to limit dollar transactions on Maldivian Rufiyaa cards.
