Former BML Employee Sentenced for Theft From Customer Accounts

Former Bank of Maldives (BML) customer service assistant Ali Mazin was sentenced by the Criminal Court for embezzlement. He fraudulently registered 13 customers for internet banking without their consent between 18 September 2012 and 26 October 2021, transferring MVR 482,611.41 to his own account for forex trading. Mazin pleaded guilty and entered a plea deal with the Prosecutor General’s Office, reducing his original prison sentence of 1 year, 7 months, and 6 days to 9 months and 18 days. The court further commuted the prison term to a fine of MVR 56,200 and 40 hours of community service. He must also compensate affected customers. The fine is to be paid to the Maldives Inland Revenue Authority (MIRA) within three months, and community service will be assigned by the Maldives Correctional Service.

Former Bank of Maldives (BML) customer service assistant Ali Mazin was sentenced by the Criminal Court for embezzlement. He fraudulently registered 13 customers for internet banking without their consent between 18 September 2012 and 26 October 2021, transferring MVR 482,611.41 to his own account for forex trading. Mazin pleaded guilty and entered a plea deal with the Prosecutor General’s Office, reducing his original prison sentence of 1 year, 7 months, and 6 days to 9 months and 18 days. The court further commuted the prison term to a fine of MVR 56,200 and 40 hours of community service. He must also compensate affected customers. The fine is to be paid to the Maldives Inland Revenue Authority (MIRA) within three months, and community service will be assigned by the Maldives Correctional Service.

Former Bank of Maldives (BML) customer service assistant Ali Mazin was sentenced by the Criminal Court for embezzlement. He fraudulently registered 13 customers for internet banking without their consent between 18 September 2012 and 26 October 2021, transferring MVR 482,611.41 to his own account for forex trading. Mazin pleaded guilty and entered a plea deal with the Prosecutor General’s Office, reducing his original prison sentence of 1 year, 7 months, and 6 days to 9 months and 18 days. The court further commuted the prison term to a fine of MVR 56,200 and 40 hours of community service. He must also compensate affected customers. The fine is to be paid to the Maldives Inland Revenue Authority (MIRA) within three months, and community service will be assigned by the Maldives Correctional Service.

This story involves 1 source and may affect public understanding of bank fraud / sentencing.