A former Bank of Maldives customer service assistant, Ali Mazin, was sentenced by the Criminal Court for embezzling funds from customer accounts after fraudulently registering 13 customers for internet banking. The prison term was commuted to a fine of MVR 56,200 and 40 hours of community service, with compensation to affected customers to be repaid under an agreement with the bank.
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A total of MVR 482,611.41 was deposited into Mazin’s account through these unauthorised transactions, which included invalid credit card payments and foreign exchange trading.
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According to the prosecution, Mazin had fraudulently registered 13 customers for internet banking, without their knowledge or consent, between 18 September 2012 and 26 October 2021.
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He was originally facing a prison sentence of 1 year, 7 months, and 6 days, but this was reduced to 9 months and 18 days due to the agreement.
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He was originally facing a prison sentence of 1 year, 7 months, and 6 days, but this was reduced to 9 months and 18 days due to the agreement.
Word for word from the report in Maldives Republic. Open the report
The court further commuted the prison term to a fine of MVR 56,200 and 40 hours of community service.
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The court further commuted the prison term to a fine of MVR 56,200 and 40 hours of community service.
Word for word from the report in Maldives Republic. Open the report