Bank unfreezes SOF’s account used to launder embezzled funds

SOF's shareholders.

The bank account of SOF Pvt. Ltd. – used to launder millions stolen from Maldives Marketing and Public Relations Corporation (MMPRC) – has been unfrozen after years.

Sun has been informed the Civil Court issued a warrant to unfreeze the bank account on August 7.

Authorities opened an investigation against SOF’s main shareholder, Mohamed Allam Latheef (Moho), in connection to the case during former president Abdulla Yameen Abdul Gayoom’s administration.

An Interpol red notice was issued to find Moho and his cohorts, who fled overseas after authorities began their investigation. However, after the current administration came to power, the Prosecutor General’s Office dropped the case against Moho and made him a state witness.

Anti-Corruption Commission (ACC) the funds embezzled from MMPRC amounts to over MVR 1.4 billion.