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.
April 9, 2012
April 19, 2012
- Malaysia: Election results is a lesson on corruption.
16 May 2018 For the first time in 60 years, Malaysia’s ruling coalition, Barisan Nasional (BN), lost power in a general election. Mahathir who institutionalized […]
- Global: Will blockchain technology help in combating corruption?
12 January 2018 A blockchain, is simply a collection of records, called blocks, like records in a database table, or entries in a ledger. A […]
- Saudi Arabia: Crackdown on corruption or consolidation of power?
Update 27 December 2017 The Saudi prosecutors have released 23 more people from detention in the Ritz-Carlton hotel. Okaz newspaper reported that they had reached […]
- Brazil: Ex-Presidents da Silva and Rousseff charged of corruption
7 September 2017 Brazil’s former president Luiz Inacio Lula da Silva has just completed his 25-city campaign trip through his party’s strongholds in the northeast. […]
- Is there corruption in pharmaceutical industry?
16 January 2017 The picture above shows Victoria Hale who founded the first nonprofit pharmaceutical company, The Institute for OneWorld Health, in San Francisco, California […]
- Singapore: Lee Kuan Yew’s fight against corruption
31 March 2015 Lee Kuan Yew is no more. He will be remembered by many for many reasons. Today corruption.net is looking at why he […]
Most Shared Posts
- 6 September 2016 Al Jazeera has announced the release of a documentary
- 26 January 2017 Transparency International (TI) has released the Corru
- 10 April 2017 Italian anti-corruption prosecutors have charged Shell,
- 28 January 2018 Since Senate released the lobbying expenditure, pert
- 22 April 2018 In 2016 government sold state-owned land to the educat
- 14 September 2018 Guatemala’s president Jimmy Morales has decided to
- 10 November 2018 A court in the Philippines found Imelda Marcos (pictu
- 4 January 2019 Casey Moreland, 60, a Nashville judge, was sentenced to
- 4 November 2016 Prosecution has named Yeo Jiawei as the master mind be