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Maldives' former president charged with money laundering

COLOMBO: Maldives' former president Abdulla Yameen, who is accused of using money stolen from state coffers, was once charged with money laundering on Wednesday, in line with a neighborhood media file.

The case stems from an allegedly shady deal to lease islands for vacationer lodge development and the discovery of $1 million in his checking account.

The case has been filed on the felony courtroom, the prosecutor normal's office tweeted on Wednesday.

Yameen, who lost the presidential election to Ibrahim Mohamed Solih in September 2018 after a five-year rule, is accused of using money stolen from state coffers, police said remaining week, after wrapping up investigations, The Maldives Independent reported.

Under the 2014 anti-money laundering law, the offence carries a jail sentence between 5 to 15 years or a advantageous of up to $64,850.

Separate charges were sought over alleged false testimony to the anti-corruption commission all through its investigation into the theft of $90 million from the Maldives marketing and public family members company (MMPRC), the paper said.

Yameen was once puzzled in December over $1 million deposited to his non-public account by means of SOF, a neighborhood company that was once used to funnel lodge acquisition charges paid to the MMPRC.

"The SOF company which benefited from the funds stolen from MMPRC deposited $1 million to Yameen's account at the Maldives Islamic Bank. Yameen was ordered to return the state funds, but the investigation found that he had profited by not handing over the money and by carrying out transactions," police said.

Yameen denies any wrongdoing. Last week, his prison staff brushed aside the fees as an attempt to influence the April 6 parliamentary elections.

"The ACC has so far been unable to prove that the $1 million transferred to Yameen's account in MIB by the SOF company was state funds earned through corruption," lawyers contended in a remark.

Yameen's former prison affairs minister Aishath Azima Shukoor is also facing charges of mendacity to the authorities and helping with money laundering. It is unclear whether the PG office has raised charges against her.

Weeks after Yameen left office, his financial institution accounts were frozen with greater than $6.five million and native forex as police introduced a probe into marketing campaign contributions and the $1 million from SOF.

Yameen jailed or exiled most of his competitors all through his turbulent five-year time period. Suspecting a plot to question him, Yameen in February 2018 declared a state of emergency and arrested top judges as well as political warring parties.

His rule dented its image as a honeymoon paradise and attracted alarm in another country. He decisively lost the rustic's presidential election to opposition chief Solih in October 2018.

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