Police investigating potential charges in BML card limit case

Maldives Police Service has revealed that it is currently investigating whether charges need to be pressed against any party or individual in connection to Bank of Maldives (BML)'s decision to limit foreign transactions via its credit and debit cards, which the government claims was an attempted financial coup by the opposition.

After BML decided to heavily restrict the foreign transactions last Sunday, Police issued a statement on Monday night stating that some political figures held a press conference coinciding with the Bank's decision which was against the government and carried out in a way which shocked the public.

Police said in a statement that they are also investigating the call via bot accounts to take to the streets in order to overthrow the government. The agency claims this was an attempt to overthrow the government.

After issuing the statement, police, for the first time since the incident, informed the media that they are working to gather all necessary information and are carefully examining every aspect that needs investigation.

"In addition, all necessary steps are being taken to identify any personnel that require action against and other requirements of the investigation," police said.

While the government says BML's decision was against it's advice, the bank rescinded the limits amidst public pressure and discussions with the government.

President Dr Mohamed Muizzu also described the incident as a coup, promising to hold those responsible accountable.