Sentencing hearing in the embezzlement case of USD 5 million

The sentencing hearing in the embezzlement of USD 5 million from state funds case against the former Vice President Ahmed Adheeb and the former Managing Director of the Maldives Marketing and Public Relations Corporation (MMPRC), Abdulla Ziyath has been scheduled for tomorrow.

The sentencing has been scheduled to 11 a.m. tomorrow.

The two were charged after USD 5 million received from Kureddhoo Holdings Pvt. Ltd. as an acquisition fee to develop Lhaviyani Maabinhuraa as a tourist resort.

At hearing in the case held on Saturday, the prosecution and the defense presented their closing statements. But the details of the hearing are unclear since the hearing was held behind closed doors.

A shareholder at Millanium Capital Managemetn Pvt. Ltd., Abjad Ismail testified in court that the former Vice President deposited the USD 5 million in to an account of the company and called to inform him.

Amjad said that a cheque for USD 4 million to be deposited at an account of Montalaon International was prepared upon the request of then Vice President Adheeb after keeping USD 1 million in the account and given to another shareholder.