Former President Abdulla Yameen Abdul Gayoom accounts were released after the court order to freeze them was overturned.
In December 2018, Criminal Courts ordered to freeze assets, with over MVR 100 million in Bank of Maldives (BML) and Maldives Islamic Bank (MIB), as requested by Police.
Per the High Court's verdict, the Criminal Court ordered the accounts to be frozen under article 72 and 73 of criminal procedure code until March 12.
The former president is implicated in the corruption scandal of Maldives Marketing and Public Relations Corporation (MMPRC).
Anti-Corruption Commission (ACC) released an investigative report, revealing that most of the stolen funds were transferred to SOF, a private company which deposited USD 1 million to Yameen's account at Maldives Islamic Bank (MIB).
On March 31, High Court overturned the Criminal Court's verdict.
Police are investigating the deposit of MVR 22.5 million made to Yameen's MIB account two weeks prior to Presidential Elections on September 23.
Maldives Monetary Authority (MMA)'s Financial Intelligence Unit (FIU) reported to Police at the time of the transaction. However, the issue was not looked into at the time.
Additionally, the order to detain the former president until the end of his money laundering case was overturned by High Court and was released.
Throughout the investigation and detention, Yameen has been maintaining his innocence.
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