Male’, Maldives – High Court has postponed the announcement of its verdict in the appeal of the five year sentence issued against Former President Abdullah Yameen Abdul Gayoom after he was proven guilty of money laundering.
High Court concluded appeal hearings back in September, and had previously been scheduled to deliver its ruling on Thursday, January 14th. However, the court has announced this Tuesday that the delivery of the ruling has now been postponed by one week to January 21.
The opposition has expressed concern over the delay in a decision by the High Court regarding the appeal filed by Former President Yameen over his conviction, which has now dragged for over a year. The Criminal Court sentenced Yameen to five years in prison and fined USD 5 million in late 2019 after the court ruled against him over the charges of money laundering raised against the Former President.
He was found guilty of laundering USD 1 million in misappropriated State funds in the acquisition cost for GA.Vodamula which should have gone into Maldives Marketing and Public Relations Corporation (MMPRC). The USD 1 million was transferred to his bank account in two transfers of USD 500,000 through SOF Private Limited.