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A digest of news and opinion from the Maldives.

Fraud

Frauds in Money Transactions and Dollar Exchanges Increase

Frauds in Money Transactions and Dollar Exchanges Increase

By Maldives Times 1 min read

Maldives Police Service has stated that there has been an increased number of frauds in numerous money transactions and dollar exchanges. Due to the COVID-19 pandemic, measures have been taken to minimize cash transactions where the majority of businesses accepted online transactions. Besides, there have been several frauds such as sending old transfer slips claiming […]

MVR7.6 mln owed to state in fines for fraudulent price change in imports

MVR7.6 mln owed to state in fines for fraudulent price change in imports

By Maldives Times 1 min read

A Customs officer checks a cargo of imported goods. PHOTO/CUSTOMS The state is owed over MVR 7.6 million in fines from businesses that fraudulently change prices of imported goods to evade taxes and custom duties, an Anti-Corruption Commission (ACC) report has revealed. According to the report published by the anti-graft watchdog, in 2012 – 2015, […]