Bank of Maldives… Corrupt to the Core!!!

20 Jul

The prestigous Bank of Maldives is a corrupt institution that harbors criminals, and the devious acts of the officers of the bank compelled the Maldives Police Service to break into the bank premises and take documents of those who have harbored the millions they have stashed away from their fraudulent and criminal activities with the help of the officers of the Bank of Maldives.

The Police used overriding sweeping powers granted to them by law, when “puppets” of the former regime planted in the Judiciary and within the Maldives Monetary Authority withheld Police efforts to get a court order for a search warrant. The Attorney General has said that he believes that the Police acted in accordance with the law in the raid on the Bank of Maldives.

The recent developments show that the national financial institutions of the Maldives are corrupt to the core. The officers there may have been strategically planted by fraudulent and criminal elements within the previous regime to safeguard their personal criminal activities.

The Bank of Maldives can no longer be trusted to safeguard genuine business transactions.



Posted by on July 20, 2009 in Comments and Opionion


5 responses to “Bank of Maldives… Corrupt to the Core!!!

  1. Anonymous

    October 27, 2009 at 11:10 pm

    Shihab, it will be good to write articles based on facts. What you see from the outside may not necessarily be the reality.

  2. Anonymous

    August 17, 2009 at 12:15 pm

    Why hide if your hands are not dirty…lets be professional and just not work harder to protect one SOUL, but as a whole to protect this tiny nation from these kind of horrendous acts. Had we ALL thought earlier that “there is an end to everything on this planet earth” we will not have this many enemies roaming around us today.

  3. MrMaldivian

    July 23, 2009 at 11:02 am

    When the police shows the corruption done in the former atoll ministry thru media conference, they(the police) are labeled by the DRP as puppets of Anni. The courts of Maldives is full of DRP supporters who is intervening in this interrogation and as such if the public is not shown these findings, the judiciary system will decide against all these allegations saying there no proven facts and etc. No one can bring these perpetrators(mohkulhi hameed, jangiyaa nazim,redwave saleem, zeenath) to justice.

  4. Husnu Al-Suood

    July 20, 2009 at 5:33 pm

    Maldives Bank's capital is US$118 million. When the bank lends US$125 million to one business group,what do you call it? especially its th asmeen ali's family…and if the bank lent this amount of money to the group without board authorization cant you call it robbery,in broad day light?

  5. Anonymous

    July 20, 2009 at 8:22 am

    its not the bank or puppets per se are corrupt. its the system on which the economies around the world is run. Money! Monetary system is corrupt and its a degree that differentiates from ordinary laymen from bankers or any other. everybody is corrupt in this system, cause that's the values that it manifests. self interest and hoarding and accummulation of wealth to dominate others! decent, ethical folks can not run a bank!

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