Criminal Court has yesterday found a former employee of Bank of Maldives guilty of stealing money from customers' accounts. The court sentenced the individual to pay MVR 56,000 in fines and to complete 40 hours of community service.
Criminal Court has yesterday found a former employee of Bank of Maldives guilty of stealing money from customers' accounts. The court sentenced the individual to pay MVR 56,000 in fines and to complete 40 hours of community service.
The sentence was passed against Ali Mazin of Hiyaavahi, Baa atoll Eydhafushi.
The State pressed charges against him for changing customer information of the bank's CRM system, registering customers on internet banking without their permission, and using over MVR 482,000 from these accounts to pay Mazin's credit card payments and forex transactions while he was employed at the bank from September 2012 to October 2021.
Mazin accepted the charges of fraud against him in court, the Criminal Court verdict said. Hence, he was sentenced in accordance with the plea bargain he has entered into with the State.
While the actual penalty for the crime is a prison sentence of 9 months and 18 days, in light of the plea bargain, Criminal Court sentenced him to pay MVR 56,200 in fines and serve 40 hours of community service. Mazin has been ordered to complete payment of the fine within a period of three months.
As per the plea bargain, Mazin is required to pay back the lost funds to the bank as well.
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