The Criminal Court has released the Bangladeshi national that was arrested earlier this month at Velana International Airport, who was attempting to leave the country carrying over MVR 1 million in foreign currency.
Police spokesperson said on Tuesday that the police are still continuing the investigation despite the expatriate’s release.
Mihaaru understands that he was released after the court decided against remanding his detention.
The expatriate had been carrying USD 86,255 (MVR 1.3 million), EUR 2,400 (MVR 38,000) and MVR 2,400 when he was arrested. His attempted destination remains unclear and the police has not disclosed what was done with the seized currency.
The regulations of Maldives Monetary Authority (MMA) dictate that individuals carrying over USD 30,000 into or out of the Maldives must report it to Maldives Customs Service beforehand.
Under the Prevention of Money Laundering and Terrorist Financing Act, it is the responsibility of the individual to prove the means or source of the currency in cases of inquiry.
Police had previously arrested another expatriate attempting to depart with a large sum of foreign currency. The expatriate has since been released.
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