ACC Seeks Money Laundering Charges Against Montilion Over $150,000 MMPRC Funds
5 އޮކްޓޯބަރު 2026 | ހޯމަ 15:57The Anti-Corruption Commission (ACC) has decided to press money laundering charges against Montillion International for allegedly receiving and utilizing $150,000 from the MMPRC embezzlement scandal. The commission has also moved to instruct the MMPRC to recover the funds from the company, which is linked to the family interests of former Vice President Ahmed Adeeb.
Montillion International Private Limited is a company in which the family of former Vice President Ahmed Adeeb holds a vested interest. | President's Office
The Anti-Corruption Commission (ACC) has decided to seek money laundering charges against Montillion International Private Limited, forwarding the case to the Prosecutor General’s Office for prosecution.
The Anti-Corruption Commission (ACC) announced on Monday that it has decided to seek money laundering charges against Montillion International Private Limited. The case, investigated jointly by the ACC and the Maldives Police Service, is scheduled to be forwarded to the Prosecutor General’s Office on October 4, 2024.
In this regard, the Anti-Corruption Commission (ACC) stated that investigations have revealed a significant portion of the embezzled MMPRC funds was transferred to the account of Montillion International Private Limited. According to the commission, these funds were funneled through Ahmed Adeeb Abdul Ghafoor (H. Saamaraa) via two checks issued from the Bank of Maldives dollar account of SOF Private Limited.
Investigators noted that the funds were deposited into and utilized through Montillion International Private Limited’s accounts, despite circumstances where the individual then leading the company should have reasonably suspected the money was obtained through criminal activity.
The prosecution is seeking charges in this case under Sections 53 and 58 of Law No. 10/2014 (Prevention of Money Laundering and Financing of Terrorism Act).
The Anti-Corruption Commission (ACC) has also decided to instruct the Maldives Marketing and Public Relations Corporation (MMPRC) to recover $150,000.00 (one hundred and fifty thousand US dollars) deposited into Montilion's account via two checks from SOF.
Montillion, a company central to this case, was 35 percent owned by former Vice President Ahmed Adeeb prior to his appointment as Tourism Minister. Those shares were subsequently transferred to his father's name.
