A foreign national has been arrested in connection with the operation of an unauthorized business in the Maldives, which involved the circulation of substantial sums of money.

The police apprehended Mohamed Emon Kazi, a 32-year-old Bangladeshi national, on suspicion of conducting business without the required license.

The Criminal Court yesterday remanded him for a period of 15 days.

According to the remand order, sufficient evidence has been gathered to support the allegations against him.

The police intelligence report indicates that millions in funds were transacted through the foreigner's account. The police presented deposit slips to the court as supporting evidence for this claim.

The police suspect that he is operating this business with the involvement of other individuals. However, the order does not provide any specific details about the nature of the business he is conducting.