Criminal Court issues Interpol red notice to arrest three suspects in Rf18 million fraud

The Criminal Court has issued an Interpol red notice for the arrest of three suspects involved in a Rf18 million (US$1.1 million) fraud case.

The three men are accused of transferring money to the Bank of Maldives from the State Bank of India joint saving account of the three owners of the motorcycle business ‘Sheesha’.

In a statement, police identified the three suspects as Ibrahim Shahid of Thulhadhoo in Baa Atoll, Mohamed Mustafa of Lhaimagu in Shaviyani Atoll and Mohamed Muthausim of the same island.

Following the incident, the three owners of Sheesha: Ahmed Hassan Manik, Hussain Husham and Ibrahim Husham, met with the press and said that the State Bank of India should take full responsibility for the fraud.

Hussain Husham told the media that the total amount of Rf 18 million was taken in two transactions and that the first transaction was made on November 9 and with the withdrawal of Rf 8.5 Million.

Later on December 20, the culprits withdrew a further Rf 9.5 Million from their account.

Hussain told the press that SBI transferred the money to an account with Bank of Maldives, using a forged document faxed to SBI.

He said the document had the name and signature of Ahmed Hassan Manik, and that the money transferred to Bank of Maldives account had already been withdrawn when they came to know about it.

He also said police arrested one person in connection with the case, but that the court had released him after determining that he was arrested unlawfully.

Husaain said the company had decided to sue the State Bank of India and that they should take full responsibility.

Police Sub-Inspector Ahmed Shiyam said police arrested the head of the group with some documents.

‘’But the court released him and he immediately left the country,’’ Shiyam said. ‘’We have another person held in detention, and we are looking for other three suspects including the person we arrested before.’’

Shiyam said yesterday an Interpol red notice was issued and that police were trying to locate the individuals through Interpol system.


5 thoughts on “Criminal Court issues Interpol red notice to arrest three suspects in Rf18 million fraud”

  1. Even these men are caught our judiciary can't provide justice...the money will never be recovered. Sheesha should get help from a mercantile court if they want their money back.

  2. To make such transactions you need insider information and defiantly there is insider links in both the banks.
    These days to deposit money in Maldivian banks are not safe at all.

  3. sheesha sells too many motorbikes in male which has made this place a big headache. i want to sue sheesha.

  4. hello my friends u knw it was done with some people in the bank. and also there is no problem with the three guys who was suspected. and i am very much sure i have the proof and also i knw better than the bank and police. ok have good day and also bank,sheesha and police suxxxxxxx wat the hell is the this is democracy.


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