Criminal Court is set to issue their verdict in the money laundering trial of former President Abdulla Yameen on November 05th.
The trial hearing held today to present the closing statements of both parties stretched on to a total of five hours. After the closing statements were presented, Criminal Court Chief Judge Ahmed Hailam revealed that the court will issue their verdict on November 05th, at a hearing scheduled for 1:00pm.
The closing statement presented by the defense was strong in their attempt to prove the defendant not guilty, while the prosecution has based their closing statement strongly on the evidence and witness testimonies to prove that the defendant is guilty.
Former President Yameen is charged with money laundering after he transferred fthe one million US dollars deposited to his account by the SOF Company, believed to be embezzled from the Maldives Marketing and Public Relations Corporation (MMPRC), to a General Investment Account at the Maldives Islamic Bank (MIB) instead of the escrow account with the Anti-Corruption Commission (ACC).