In the case concerning Hussain Shifaau, where he obtained goods by defrauding foreign companies through invalid telegraphic transfers (TTs), all seven money laundering charges filed against him have now also been proven. Shifaau was initially arrested in 2023 in connection with this case, which involved acquiring goods worth 123,000 US dollars, equivalent to 1.9 million Maldivian Rufiyaa, by sending fraudulent TTs. The state had brought a total of 23 charges against him, comprising 16 counts of fraud and 7 counts of money laundering.
Previously, the Criminal Court had ruled that the 16 charges of fraud against Shifaau were proven. However, no penalty for these particular charges has been determined to date.
During today’s hearing at the Criminal Court, it was decided that all seven money laundering charges filed against Shifaau have also been established. In the sentencing phase, the prosecution requested a 10-year prison sentence along with a fine of MVR 100,000 for each charge. Nevertheless, Shifaau, who remains in detention until the conclusion of the trial, requested a postponement of discussions regarding the sentencing. Consequently, the judge has scheduled the discussions and determination of penalties for next Thursday. The judge further stated that the sentencing phase for all charges would be entirely concluded on that day.
After Shifaau’s initial arrest in this case and subsequent release from remand in 2023, he left the Maldives. Following this, an Interpol Red Notice was issued for his arrest, and he was re-arrested upon his return to the Maldives.
