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Yameen charged with money laundering

COLOMBO: Maldives' former president Abdulla Yameen, who is accused of the usage of money stolen from state coffers, was once charged with money laundering on Wednesday, according to a neighborhood media document. The case stems from an allegedly shady deal to hire islands for vacationer hotel construction and the discovery of $1 million in his checking account. The case has been filed at the legal court docket, the prosecutor basic's office tweeted on Wednesday.

Yameen, who lost presidential election to Ibrahim Mohamed Solih in September 2018 after a five-year rule, is accused of the usage of money stolen from state coffers, the Maldives Independent reported. Under the 2014 anti-money laundering regulation, the offence carries a jail sentence between 5 to 15 years or a high quality of as much as $64,850.

Separate fees have been sought over alleged false testimony to the Anti-Corruption Commission all the way through its probe into the theft of $90 million from the Maldives Marketing and Public Relations Corporation (MMPRC), the paper stated. Yameen was once wondered in December over $1 million deposited to his private account via SOF, a neighborhood company that was once used to funnel hotel acquisition fees 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 stated. Yameen denies any wrongdoing. Last week, his felony group disregarded the costs as an try to influence the April 6 parliamentary elections.

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