Hearing scheduled for ex-pres’ appeal

An appeal hearing for former president Abdulla Yameen Abdul Gayyoom's money laundering case has been scheduled for Tuesday.

The Criminal Court found President Yameen guilty of money-laundering on November 28 last year, and the verdict was challenged at the High Court. The hearing scheduled for Tuesday will take place at 1:00 pm.

Former President Yameen was accused of defying the agreement between himself and the Anti-Corruption Commission, which stipulated the former president to move funds in his Maldives Islamic Bank (MIB) account that are suspected of having been laundered, into an escrow account set up between the two parties.

Failing to do so, and moving the funds in question into an investment account, the former president deposited funds from another source into the escrow account.

The Criminal Court sentenced the former president to five years in jail and ordered him to pay US$ five million to the state after being found guilty of money laundering. The high-profile trial was televised live on local channels.