Names within the money laundering network at Maldives Marketing and Public Relations Corporation (MMPRC) have been made public by Anti-Corruption Commission (ACC) today.

The report stated that funds of acquisition cost owed to the State from lease and sale of islands and lagoons had been transferred to accounts of SOF Pvt Ltd. The funds had reportedly, then been laundered and handled by those that conduct purchase and sale of dollars.

There are reportedly 20 persons or groups involved in this money laundering scheme. As such, funds had been transferred from SOF Pvt. Ltd. owned Bank of Maldives Plc. (BML)’s dollar account 2-701832-7701.

Of those 20 persons or groups that received funds, five had received transfers in Maldivian Rufiyaa as well. The report by ACC highlighted that amounts had been transferred to SOF Pvt. Ltd. bank account number 3-701832-7701.

The names of those involved in the exchange of Dollars and Rufiyaa within the network are mentioned below.