The Criminal Court sentenced Mohamed Saeed, M. Assidha, to 1 year, 7 months, and 6 days in prison for obtaining MVR 203,500 to procure USD and neither delivering the dollars nor returning the money. The court also ordered him to pay MVR 203,500 in compensation to Imo Enterprises Private Limited through the Civil Court within two years.
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on September 3, 2025, to purchase USD for Imo Enterprises Private Limited—a company in which Moosa Rasheed is a shareholder—MVR 203,500 was deposited from the company's account at the Bank of Maldives into an account opened in Saeed's name at the Bank of Maldives.
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the court ruled that the charge was proven against him based on witness testimonies, sentencing him to 1 year, 7 months, and 6 days in prison.
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Earlier reports gave 24 years and 11 months 31 Oct, 14:49 One Onlineeight years, nine months and 18 days 30 Oct, 00:10 One Online
the verdict ordered Mohamed Saeed to pay MVR 203,500 to Imo Enterprises Private Limited as compensation for the loss incurred, instructing him to settle the amount through the Civil Court within a period of two years.
Word for word from the report in One Online. Open the report