10 December 2009, Ibrahim Hussein Zaki, special envoy to the president, has renewed allegations that former president Maumoon Abdul Gayoom has US$80 million hidden in foreign bank accounts, including US$40 million in tsunami aid from the Emir of Qatar. The GPC’s leader, Michael Lord-Castle, told Minivan News during an interview in November 2006 “that we have been advised that between US$60-80 million has been transferred from Maldives’ governmental funds directly to various private bank accounts in favour of President Gayoom. “If [the accusation] proves true it will be fairly significant because first of all it was money from the National Treasury, secondly the money was for tsunami victims, and thirdly there would be reason to anticipate more [hidden money],” he said. World Bank enlisted Maldivian President Mohamed Nasheed announced in September he was seeking the help of the World Bank’s Stolen Asset Recovery Initiative (StAR) to recover a suspected US$2 billion in embezzled funds, stating that the money was needed to plug a budget deficit of 34 per cent of GDP. Gayoom’s assistant and former chief government spokesperson Mohamed Hussain Shareef (Mundhu) responded to the allegations by demanding Zaki “show us the evidence. “There is no evidence to link Gayoom to corruption,” he insisted. Gayoom could obviously not just take off with donor or tsunami aid.” Mundhu expressed confidence that the World Bank’s investigation “would find nothing untoward. The allegations were intended “to wipe Gayoom off the political map,” Mundhu claimed. “The MDP is a minority government. Nasheed himself as an individual has no more than 25 per cent support in the country.
Maldives: Deputy Speaker of Parliament Ahmed Nazim has pleaded not guilty to charges of conspiracy to defraud
March 25, 2010
January 2, 2012
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