Fraud - Latest Stories

  • Money-grabbing scams on the rise: Police

    Money-grabbing scams on the rise: Police

    Police on Wednesday advised the public to be on the lookout, as money-grabbing scams reach new heights.

    December 31, 2014
  • MIFCO $1 mn case under investigation

    MIFCO $1 mn case under investigation

    Anti-Corruption Commission (ACC) and police have started looking into the case of a Thailand company’s slipup in transferring USD 1 million (MVR 15 million) to Maldivian Industrial Fisheries Company (MIFCO).

    December 22, 2014
  • Increase in pension fraud, says PAO

    Increase in pension fraud, says PAO

    The Maldives Pension Administration Office has on Saturday said that there has been an exponential increase in the number of businesses that do not deposit their employees’ retirement pension with the Office.

    November 08, 2014
  • How scammers trick your mind

    How scammers trick your mind

    By Colin Barras, BBC

    October 03, 2014
  • Portuguese bank posts 3 mn-euro bail

    Portuguese bank posts 3 mn-euro bail

    LISBON, Aug 06, 2014 (AFP) - The former head of Portugal's crisis-hit Banco Espirito Santo, Ricardo Salgado, facing fraud and money-laundering charges, posted bail of three million euros ($4 million) Tuesday, according to local media.

    August 06, 2014
  • Fall in cases filed with police, figures show

    Fall in cases filed with police, figures show

    The number of cases filed with the police during the first six months of 2014 is comparatively lesser than that of 2013, police statistics show.

    July 07, 2014
  • UN holds talks to broker Afghan election deal

    UN holds talks to broker Afghan election deal

    KABUL, June 24, 2014 (AFP) - The United Nations said Tuesday it had stepped in to help broker a solution to Afghanistan's election crisis, hosting talks between presidential candidate Abdullah Abdullah and the election authority that he has boycotted.

    June 25, 2014
  • Police seeking deceased list to prevent fraud

    Police seeking deceased list to prevent fraud

    Police are asking for the list of the deceased from across the Maldives in order to stay on top of fraudulent forms being submitted in their names to register political parties and voters for the upcoming presidential elections, police chief Abdulla Riyaz said Sunday.

    August 04, 2013 4 comments
  • Retired soldier denies charges in SBI fraud

    Retired soldier denies charges in SBI fraud

    Colonel Shaukath Ibrahim, who is charged over the MVR18 million found missing from a State Bank of India (SBI) account of motorcycle retailer Sheesha's owners, denied the charges on Sunday.

    July 07, 2013
  • IFS Sri Lanka charged with Rs.9 bln tax scam

    IFS Sri Lanka charged with Rs.9 bln tax scam

    Recent investigations have brought to light startling revelations of the multi-million dollar Swedish Software company-Industrial and Financial Systems' (IFS) Colombo office being involved in an elaborate tax evasion scam to the tune of millions of dollars.

    June 27, 2013 1 comment
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