Presidential Commission on Corruption and Asset Recovery on Monday, revealed that Bank of Maldives deposited six 'non-negotiable' cheques to SOF Private Limited.
According to a letter addressed to the speaker of parliament Mohamed Nasheed, The commission found that the cheques were originally addressed to the Maldives Marketing and Public Relations Corporation (MMPRC) as acquisition costs for tourism-related land lease.
'Non-negotiable' cheques can only be transferred to the account mentioned on the cheque. BML has maintained that no such cheques were transferred to SOF.
Maldives Police Service launched investigations into Bank of Maldives (BML)'s Deputy CEO Mohamed Shareef following a case submitted by the parliament alleging that he provided false statements to the parliament's Public Finance Committee.
The parliament accused Shareef of providing false information while answering questions related to BML's negligence in the case where MVR 1.3 billion in state funds were embezzled through MMPRC
Anti Corruption Commission (ACC) disclosed that they had acquired proof of BML completing transactions of 'non-negotiable' cheques.
In response to these allegations, BML released a statement claiming that Shareef answered questions asked by the Public Finance Committee based on the records available on the transactions.