Monday, October 26, 2020

Maldives: Verdict in money-laundering trial of ex-president Abdulla Yameen expected on Nov 28

-

A five-judge panel at the criminal court decided on Sunday to deliver a verdict in former president Abdulla Yameen’s money laundering trial instead of restarting proceedings.

A new bench was empanelled to hear the case after Judge Ahmed Hailam was suspended hours before he was due to pass a verdict on November 5. The criminal court’s chief judge was placed under investigation for sharing a cartoon with the president and speaker of parliament in chains.

At Sunday’s hearing, the defence appealed for a fresh trial on the grounds that new judges would be unfamiliar with the case. Lawyers also asked for presiding Judge Ali Rasheed Hussain – who was appointed acting chief judge after Hailam’s suspension – to recuse himself for violating the code of conduct by giving an interview to the pro-government broadcaster Raajje TV.

But the bench decided to continue with the trial. In cases where a judge is unable to continue after hearing witness testimony, the precedent is to resume the trial, Judge Rasheed said, noting discretion afforded by the criminal procedures code.

- Advertisement -

A verdict will be delivered on November 28 after the judges listen to recordings and thoroughly examines the evidence, he said.

Both the prosecution and defence were allowed to present a statement before the hearing was concluded. Prosecutor Aishath Mohamed asked the court to deliver a verdict based on the evidence and witness testimony whilst the defence repeated the request for Judge Rasheed to withdraw from the bench. Yameen did not have confidence in the judge, lawyer said.

After a 15-minute recess for deliberations, the judges decided that Rasheed’s response to a question from the media did not constitute an interview, which is prohibited by law.

Rasheed had denied his predecessor Hailam’s accusations of being aware of pressure from senior government officials to sentence the opposition leader to prison.

- Advertisement -

Yameen was charged in connection with US$1 million deposited to his personal bank account by SOF, a company that was used to funnel the bulk of US$90 million stolen from state coffers during his administration. The 60-year-old opposition leader is also accused of violating an agreement signed with the Anti-Corruption Commission to hold the US$1 million in an escrow account.

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks