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News Alhan Fahmy / trial Maldives Impact 6.0/10 2 min read
Trial Begins for Ex-MP Alhan Fahmy and Brothers on Fraud Charges

Trial Begins for Ex-MP Alhan Fahmy and Brothers on Fraud Charges

The trial of former MP Alhan Fahmy and his brothers, Shazuban Fahmy and Shahuban Fahmy (former Media Council President), commenced on charges of deception, fraud, and embezzlement related to their family venture Kings Capital Holdings. The company allegedly operated an illegal investment scheme from 2021-2022, collecting over MVR 98 million from investors. The Prosecutor General's Office filed 13 charges each based on 13 victims' complaints. Presiding Judge Ismail Shafeeu granted a 15-day extension for the defendants to appoint a defence attorney. The Maldives Police Service is investigating further, and additional charges may follow.

The trial of former MP Alhan Fahmy and his brothers, Shazuban Fahmy and Shahuban Fahmy (former Media Council President), commenced on charges of deception, fraud, and embezzlement related to their family venture Kings Capital Holdings. The company allegedly operated an illegal investment scheme from 2021-2022, collecting over MVR 98 million from investors. The Prosecutor General's Office filed 13 charges each based on 13 victims' complaints. Presiding Judge Ismail Shafeeu granted a 15-day extension for the defendants to appoint a defence attorney. The Maldives Police Service is investigating further, and additional charges may follow.

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Maldives Republic

Published

May 15, 2024

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The trial of former MP Alhan Fahmy and his brothers, Shazuban Fahmy and Shahuban Fahmy (former Media Council President), commenced on charges of deception, fraud, and embezzlement related to their family venture Kings Capital Holdings. The company allegedly operated an illegal investment scheme from 2021-2022, collecting over MVR 98 million from investors. The Prosecutor General's Office filed 13 charges each based on 13 victims' complaints. Presiding Judge Ismail Shafeeu granted a 15-day extension for the defendants to appoint a defence attorney. The Maldives Police Service is investigating further, and additional charges may follow.

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