Connect with us

Hi, what are you looking for?

World News

Maldives former president Yameen gets 11-year jail term

Former Maldives President Abdulla Yameen. — WIKIMEDIA COMMONS

MALE — The Maldives criminal court on Sunday sentenced former president Abdulla Yameen to 11 years in prison and fined him $5 million after finding him guilty of corruption and money laundering charges related to receiving kickbacks from a private company.

Mr. Yameen has denied any wrongdoing.

He lost power in 2018 but has been declared presidential candidate for the Progressive Party of the Maldives for an election due in 2023.

Already in 2019 he was sentenced to five years in jail and fined $5 million in 2019 for embezzling $1 million in state funds, which the prosecution said was acquired through the lease of resort development rights.

After his sentencing, Mr. Yameen was shifted to house arrest in 2020 and was freed months later.

Since his release, Mr. Yameen, the half-brother of former dictator Maumoon Abdul Gayoom, has returned to active politics with a campaign against Indian influence in Maldives, raising concerns in New Delhi.

Situated close to strategic shipping lanes in the Indian Ocean, Maldives is a focal point for competition between India
and China over influence in the region. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 rightdecisionnow.com | All Rights Reserved