Former BML Employee Found Guilty of Theft

A former employee of the Bank of Maldives has been found guilty of stealing money from customers’ accounts, according to a ruling from the Criminal Court yesterday.

Ali Mazin, from Hiyaavahi in B. Eydhafushi, has been sentenced to pay a fine of MVR 56,200 and to complete 40 hours of community service. The court proceedings revealed that the State had pressed charges against Mazin for altering customer information in the bank’s CRM system, enrolling customers in internet banking without their consent, and misappropriating over MVR 482,000 from these accounts. 

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This money was allegedly used to pay his credit card bills and conduct foreign exchange transactions during his employment at the bank from September 2012 to October 2021.

Mazin acknowledged the charges of fraud during the court session, leading to a sentence based on a plea bargain he had agreed upon with the State. While the maximum penalty for his crimes could have resulted in a prison term of nine months and eighteen days, the plea agreement allowed for a reduced sentence involving a fine and community service.

Mazin is required to settle the fine within three months and is also obligated to reimburse the bank for the stolen funds as part of the terms of the plea bargain.