Former President Abdulla Yameen has stated that he has shown his good intention in the case of money laundering against him with regards to the USD 1 million in his account.

Speaking during the hearing of his money laundering trial today, President Yameen noted that there were two elements to money laundering. He noted that one was laundering money to hide or secure illegal money.

He asserted that there are no money in his account which came from MMPRC but did acknowledge that SOF had deposited USD 1 million to his account on two counts. He further stressed that the said money was never transferred to anyone else nor was anyone provided a cheque for that money.

He further added that the only thing he did was transfer the money between two banks, which the state failed to prove as a crime through their submitted evidence.

Speaking on the transactions of SOF and MMPRC, President Yameen highlighted that the court had previously established that those were valid transactions. He also took note of the fact that while ACC is investigating said fiscal transactions, they are yet to deem it corrupt.

He also highlighted that the money was transferred to an escrow account on his initiative, which once again was a reiteration of his good intention and cooperation in the investigation. He then accused the state of alleging that his intention was to hide the money received through SOF, and noted that he had done nothing of that sorts.