Government introduces bill for the state recovery and forfeiture of illicitly obtained assets

25 އޯގަސްޓު 2026 | އަންގާރަ 19:45

The primary objective of this bill is to establish a robust legal framework for the asset forfeiture of property acquired through serious criminal offenses. By addressing existing legal impediments, the legislation aims to curb illicit financial gains and streamline the recovery of misappropriated state assets.

Shama Shuaib | 25 އޯގަސްޓު 2026 | އަންގާރަ 19:45

President Dr. Muizzu and the Speaker of the People's Majlis, Abdul Raheem Abdulla. | Presidents Office

President Dr. Mohamed Muizzu has announced that the government has drafted and submitted a bill to the People's Majlis concerning the recovery of assets obtained through criminal activities.

In a post on "X" on Tuesday, the President stated that a primary objective of the bill is to establish a comprehensive legal framework for the state to seize assets unlawfully acquired by perpetrators of serious crimes. This initiative aims to prevent such individuals from further benefiting from illicit gains.

The President further noted that this legislation is intended to curb the financial incentives for committing major crimes. He emphasized that the bill would address existing legal challenges faced by the state in recovering public assets that have been misappropriated through various criminal acts.

Detailed information regarding the bill is not yet available on the Parliament's official website.

Notably, while the President stated that such a bill has been submitted to Parliament, the legislature has previously deliberated on legislation concerning illicit enrichment.

President Dr. Mohamed Muizzu has announced that the government has drafted and submitted a bill to the People's Majlis concerning the recovery of assets obtained through criminal activities.

Detailed information regarding the bill is not yet available on the Parliament's official website.

Notably, while the President stated that such a bill has been submitted to Parliament, the legislature has previously deliberated on legislation concerning illicit enrichment.

Government introduces bill for the state recovery and forfeiture of illicitly obtained assets

Popular

Nafiu’s Family Pleads With Government to Recover His Body

Foreign currency usage in the Maldives exceeds 40 percent: Governor

Mohamed Ibrahim sentenced to death after being found guilty of the murder of Moosa Ibrahim!

Airport MOU for GA. Villingili Terminated as Non-Viable

Majlis passes resolution to end practice of collecting taxes exclusively from businesses registered in the Maldives

More from Raajje.mv

Emergency Committee Meeting Held: Bill to Imprison Tax Evaders Passed by Committee

Parliamentary Committee Approves Bill Allowing Government to Reclaim Council-Controlled Land Despite Public Opposition

Despite calls against appointment of Abdul Azeez to position of Information Commissioner, committee grants approval and forwards to the floor

Committee concludes review of controversial land bill, ignoring petition calling for its rejection!

Parliament passes bill to increase withholding tax on foreign contractors by 10 percent

Majlis passes resolution to end practice of collecting taxes exclusively from businesses registered in the Maldives

MP Ameen: Government defied people’s will today, showing its determination to wield power

Dhigurah Fire Incident: Deceased expatriates identified as undocumented workers and visa overstayers; one victim was previously reported missing!

Majlis extends session again to finalize bills on council land reclamation and government interests

Minister Zareer declines to disclose exact number of individuals appointed to political positions, stating instead that no appointments have been made outside of established policies

Government introduces bill for the state recovery and forfeiture of illicitly obtained assets

Popular

Nafiu’s Family Pleads With Government to Recover His Body

Foreign currency usage in the Maldives exceeds 40 percent: Governor

Mohamed Ibrahim sentenced to death after being found guilty of the murder of Moosa Ibrahim!

Airport MOU for GA. Villingili Terminated as Non-Viable

Majlis passes resolution to end practice of collecting taxes exclusively from businesses registered in the Maldives

More from Raajje.mv

Emergency Committee Meeting Held: Bill to Imprison Tax Evaders Passed by Committee

Parliamentary Committee Approves Bill Allowing Government to Reclaim Council-Controlled Land Despite Public Opposition

Despite calls against appointment of Abdul Azeez to position of Information Commissioner, committee grants approval and forwards to the floor

Committee concludes review of controversial land bill, ignoring petition calling for its rejection!

Parliament passes bill to increase withholding tax on foreign contractors by 10 percent

Majlis passes resolution to end practice of collecting taxes exclusively from businesses registered in the Maldives

MP Ameen: Government defied people’s will today, showing its determination to wield power

Dhigurah Fire Incident: Deceased expatriates identified as undocumented workers and visa overstayers; one victim was previously reported missing!

Majlis extends session again to finalize bills on council land reclamation and government interests

Minister Zareer declines to disclose exact number of individuals appointed to political positions, stating instead that no appointments have been made outside of established policies