Seven people charged in Sheesha Brothers MVR 18 million fraud case

The Prosecutor General’s Office (PGO) has pressed charges against seven people in a case involving MVR 18 million (US$1.2 million) that went missing from the State Bank of India (SBI) account of the owners of local motorcycle retailer Sheesha.

On November 24, 2011, the Sheesha owners discovered that several unauthorised transfers had been made from their joint personal savings account to an unidentified recipient.

The PGO pressed charges today against Maldives National Defense Force (MNDF) Retired Colonel Shaukath Ibrahim and two female staff from SBI, Sulthana Hussain of H Miureksand Aishath Hussain from Kelaa Island in Haa Alif Atoll. Additionally, Ibrahim Shaheed from Thulhaadhoo Island in Baa Atoll, Mohamed Musthafa and Mohamed Musthaumid from Lhaimagu Island in Lhaviyani Atoll, and Ali Ashraf of Rasmaadhoo Island in Raa Atoll were also charged.

Retired Colonel Shaukath Ibrahim’s bank account was used to transfer the money and withdraw it, according to local newspaper Haveeru.

Following the Sheesha brothers’ – Ahmed Hassan Manik, Hussain Husham and Ibrahim Husham – discovery, they told local media the SBI transfer had been made to a Bank of Maldives account with a forged document faxed to SBI with Manik’s name and signature. The brothers said they would sue SBI and requested the bank take full responsibility for the theft.

In November 2011, Hussain Husham told local media that the total amount of MVR 18 million was taken in two transactions.

The first transaction was made on November 9, 2011, with the amount of MVR 8.5 million (US$551,000) withdrawn. On December 20, the culprits withdrew an additional MVR 9.5 million (US$616,000) from the Sheesha brothers’ account.