The Criminal Court on Wednesday scheduled former President Abdulla Yameen Abdul Gayoom's verdict hearing for November 5.
Yameen's hearing was tabled by Criminal Court'S Chief Judge Ahmed Hailam following the closing statements by state prosecutors and the defendants.
The money laundering charges against Yameen are made over allegations of money transfers to Yameen's personal account by SOF Pvt Ltd, the company accused of laundering state funds embezzled in the Maldives Marketing and Public Relations Corporation (MMPRC) scandal which cost the government over MVR 1.3 billion.
The charges pressed further state that he violated his agreement with the Anti-Corruption Commission (ACC) to transfer the MVR 1 million he received from SOF in his personal account to an escrow account, by transferring other funds to the account. He then deposited the MVR 1 million from the escrow account to a general investment account at Maldives Islamic Bank (MIB).
During the closing statements, state prosecutors claimed that evidence substantiates the charges laid against the former president, while Yameen's legal team denied the accusations, stating that Yameen's charges were politically motivated.
Yameen's verdict hearing will be aired live on state television.
Sign In