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News investigation / financial crisis Maldives Impact 8.0/10 2 min read
Police Considering Criminal Charges Over BML ‘Financial Coup’

Police Considering Criminal Charges Over BML ‘Financial Coup’

Police are considering criminal charges over Bank of Maldives' decision to restrict credit card limits, which President Mohamed Muizzu described as a 'financial coup orchestration with MDP involvement'. Commissioner of Police Ali Shujau said documents have been obtained and a decision on a criminal investigation is pending. If evidence is sufficient, the case will be sent to the Prosecutor General; otherwise it will be shelved. The police announced the investigation on August 26. The MDP has not been questioned or arrested. Public reaction was one of bemusement.

Police are considering criminal charges over Bank of Maldives' decision to restrict credit card limits, which President Mohamed Muizzu described as a 'financial coup orchestration with MDP involvement'. Commissioner of Police Ali Shujau said documents have been obtained and a decision on a criminal investigation is pending. If evidence is sufficient, the case will be sent to the Prosecutor General; otherwise it will be shelved. The police announced the investigation on August 26. The MDP has not been questioned or arrested. Public reaction was one of bemusement.

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Maldives Republic

Published

Nov 14, 2024

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2 min

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Police are considering criminal charges over Bank of Maldives' decision to restrict credit card limits, which President Mohamed Muizzu described as a 'financial coup orchestration with MDP involvement'. Commissioner of Police Ali Shujau said documents have been obtained and a decision on a criminal investigation is pending. If evidence is sufficient, the case will be sent to the Prosecutor General; otherwise it will be shelved. The police announced the investigation on August 26. The MDP has not been questioned or arrested. Public reaction was one of bemusement.

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