Former MP Alhan Fahmy has been summoned by Maldives Police Services (MPS) for investigation over money laundering.
Alhan is being summoned to MPS on Tuesday night for questioning over a probe into Kings Capital Holdings Pvt Ltd on suspicions of fraudulently obtaining investments in violation of laws, regulations and policies regarding financial security in the Maldives.
Alhan has previously denied all allegations and took to Twitter, stating that the probe is politically driven.
Capital Market Development Authority (CMDA) has previously released a statement asking public to be cautious of investing in unregistered schemes.
The scheme by Kings Capital has been referred to as a Ponzi scheme, and Central Bank MMA also released a statement about such schemes.