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News money laundering / appeal Maldives Impact 7.0/10 4 min read
HC Resumes Hearings on Yameen’s Appeal Against Money Laundering Conviction

HC Resumes Hearings on Yameen’s Appeal Against Money Laundering Conviction

The High Court resumed hearings on former President Abdulla Yameen Abdul Gayoom's appeal against his money laundering conviction. The prosecution responded to Yameen's claim that a $1 million deposit from Yoosuf Naeem was a currency exchange transaction, not a bribe related to the lease of Aarah island. The prosecution presented a timeline showing the transfer of Aarah and subsequent financial transactions. Yameen argued that the deposit was made openly and that banking regulations would have flagged any irregularities. The hearing faced technical difficulties due to the prosecution's online participation. The bench adjourned until Monday.

The High Court resumed hearings on former President Abdulla Yameen Abdul Gayoom's appeal against his money laundering conviction. The prosecution responded to Yameen's claim that a $1 million deposit from Yoosuf Naeem was a currency exchange transaction, not a bribe related to the lease of Aarah island. The prosecution presented a timeline showing the transfer of Aarah and subsequent financial transactions. Yameen argued that the deposit was made openly and that banking regulations would have flagged any irregularities. The hearing faced technical difficulties due to the prosecution's online participation. The bench adjourned until Monday.

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Maldives Republic

Published

Sep 27, 2023

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The High Court resumed hearings on former President Abdulla Yameen Abdul Gayoom's appeal against his money laundering conviction. The prosecution responded to Yameen's claim that a $1 million deposit from Yoosuf Naeem was a currency exchange transaction, not a bribe related to the lease of Aarah island. The prosecution presented a timeline showing the transfer of Aarah and subsequent financial transactions. Yameen argued that the deposit was made openly and that banking regulations would have flagged any irregularities. The hearing faced technical difficulties due to the prosecution's online participation. The bench adjourned until Monday.

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