ACC intervenes in BML case against Asset Recovery Commission

ACC intervenes in BML case against Asset Recovery Commission

Anti-Corruption Commission (ACC) announced its decision on Thursday to intervene in the case submitted to the Civil Court by Bank of Maldives (BML) against the Presidential Commission on Corruption and Asset Recovery.

ACC revealed in a social media post the decision to intervene in the case, but no reasons for the intervention were disclosed by the graft watchdog.

The charges filed by BML at the Civil Court are also not clear. However, BML on Tuesday stated in a Parliamentary Committee that, following the High Court's verdict on July 7, the bank did not release the information requested by the Asset Recovery Commission, regarding two bank accounts in BML, in relation to an ongoing investigation.

Prior to the court's verdict, however, BML was complying with all the requests for information by the Commission.

BML claimed that they were complying with all the investigative bodies as stated in the Banking Act. They also stated that they were working to find a legal solution to protect the interests of all those involved.

The case was scheduled to proceed at the Dispute Resolution Division of the Civil Court at 1300 hours on Thursday. Local media Mihaaru reported that the case proceeded in accordance to the schedule.

Questions were posed to BML for alleged non-compliance to an investigation in relation to the probe into the infamous Maldives Marketing and Public Relations Corporation (MMPRC) graft scandal. BML denied claims of negligence and maintained that everything they did was in line with the regulations.