Three of the seven suspects charged in a case involving the fraudulent transfer of MVR 18 million from a State Bank of India account owned by the owners of Sheesha Motor Company, have denied charges against them.
Maldives National Defence Force (MNDF) Retired Colonel Shakath Ibrahim, Ali Ashraf of Rasmaadhoo in Raa Atoll and Mohamed Musthafa of Lhaimagu in Lhaviyani Atoll denied charges in court today, while the other hearings have yet to be held.
According to local media, the court was unable to hand over summons two persons charged with the case as they were not in the country.
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.
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The first transaction was made on November 9, 2011, with the amount of MVR 8.5 million (US$551,000) withdrawn.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.
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