Civil Court has ordered the release of frozen accounts of SOF, which were frozen after being found in connection to the Maldives Marketing & PR Corporation (MMPRC) Corruption Scandal.
The Civil Court had previously issued a temporary order to freeze the accounts of 10 companies and two people in light of the corruption scandal.
This included SOF Private Limited, SOF Service Private Limited, SOF Studio Private Limited and SOF Development Private Limited.
ONE Online has learned that the Civil Court had ordered the release of the accounts on two occasions; first on 23rd June and second on 7th August. However, the reason behind their decision remains unclear at the time of press.
Any works to confirm whether the accounts have been released as per the order through Bank of Maldives remained unsuccessful.
An audit report of MMPRC showed that the corruption scandal saw the embezzlement of about USD 79 million dollars which roughly equates to over a billion Maldivian rufiyaa.
Most of these funds were distributed through the SOF Companies, which is connected to Former Vice President Ahmed Adeeb, who had served a jail term for the corruption scandal.