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.