Two masked men tied up a security guard and receptionist at the Filitheyo resort in Faafu atoll and stole a safe in the early hours of Sunday (October 26).
Police said the theft was reported around 3:20am and a team from Faafu Nilandhoo and Dhaalu Kudahuvadhoo was sent to the resort.
The two men went to the island on a speedboat, police explained, and tied up a foreign security guard and a Maldivian receptionist before stealing the safe.
According to the resort, more than MVR5,000 was stored in the safe.
Police are searching nearby uninhabited and inhabited islands to recover the safe.
Meanwhile, 10 people were arrested on Sunday at 5:00 am on charges of stealing the safe of Ernst and Young in Malé. Approximately MVR10,000 (US$648) was stolen, the police have said.
The majority were caught while attempting to flee from the police near the Ernst and Young offices.