Money laundering

18 articles

Police arrest six foreigners for illegal black market currency exchange.

Foreigners Arrested Over Illegal Black-Market Currency Trading

Economic Minister Saeed speaks following the signing of an agreement between Maldives Industrial Development Free Zone (MIDFZ) and Singapore’s Capital Asia Invest Private Limited (CAI) on November 9, 2024, to facilitate the Maldives Economic Gateway project.

Firm introduced by gov't to invest $100m in Ihavandhippolhu harbor development project, failed to initiate progress, later found linked to money laundering

From the press conference held at the President's Office on Monday.

Muizzu Says SOEs Bought USD on Black Market; Home Minister Calls It Money Laundering

Fenaka Corporation Limited. The audit report has highlighted numerous irregularities concerning the utility provider.

Money laundering investigation launched into Fenaka corruption in Addu!

Minister of Home Affairs Ali Ihusaan and former Controller General of Immigration Mohamed Shammaan Waheed.

Police release major statement just one day after Minister Ihusaan requested clarification on Shamaan's case!

Former FAM President Bassam Adeel Jaleel.

High Court issues injunction to halt transactions on two Amin Avenue apartments linked to Bassam investigation

More than 900 undocumented expatriates deported to date: Shamaan

Shamaan Waheed sentenced to 25 years in prison

Former Controller of Immigration Shamaan Waheed speaking to press.

Court finds Shamaan Waheed guilty on three counts

Charges have been filed against Popular Maldives in connection with the MMPRC embezzlement scandal.

Charges forwarded to PG against company owned by former MP Riyaz Rasheed’s children over MMPRC money laundering case

The police have urged the public to remain vigilant against renting out bank accounts and engaging in activities that facilitate money muling.

Renting out bank accounts: A practice that facilitates serious felonies and carries severe legal penalties

FAM President Bassam Adeel Jaleel. | FAM

Bassam's case: State appeals ruling characterizing transaction as currency exchange to High Court

Suspects arrested in Villingili island of Gaaf Alif atoll, in connection with Operation Alimagu

Operation Alimagu exposes massive drug network as MVR 62.9m flows through suspects’ accounts

The government that promised to bring an end to theft and corruption broke a record!

From promises to plunder: how a gov’t elected to end corruption entrenched it at the highest levels

Hassan “Manday” Mamdhooh: some items found by police during a search of Manday's residence

Manday slapped with unprecedented 397-year sentence in K-Park mega fraud case

Maldives Monetary Authority (MMA)

Maldives faces alarming risks of corruption, money laundering, and terrorist financing: APG report

Shamaan's appeal trial at the High Court

Shamaan to remain in custody

Bassam Adeel Jaleel, the former president of the Football Association of Maldives (FAM), stands outside the FAM building

Bassam appears in court in casual clothing after refusing inmate attire

FAM's former president Bassam Adeel Jaleel

Bassam sentenced to five years instead of 15 requested by state in money laundering case