FIU head transferred amid report on transactions linked to PNC MP
Multiple sources confirmed to Atoll Times that Ashraf was removed from the FIU leadership following the circulation of a report on social media on Saturday.
Abdulla Ashraf, former head of the Financial Intelligence Unit (FIU) at the Maldives Monetary Authority (MMA), has been transferred to another department within the central bank.
Multiple sources confirmed to Atoll Times that Ashraf was removed from the FIU leadership following the circulation of a report on social media on Saturday.
A new appointment has been made to the position, although further details have not been officially disclosed.
The change in leadership follows the emergence of an alleged FIU report detailing transactions involving the company Official Events, owned by Baarah MP Ibrahim Shujau, and several other affiliated companies.
According to the document, the Finance Ministry transferred MVR 23 million to SIWEC on 13 November 2023, reportedly for the inauguration ceremony of President Dr Mohamed Muizzu.
From this amount, MVR 13 million was deposited by SIWEC to Official Events. Further payments included MVR 4.2 million from SIWEC to DQ Holdings and MVR 2.3 million to Quick Sure.
The report also stated that Official Events used MVR 8 million of the funds received from SIWEC to purchase two apartments at Rainbow Residences for its shareholders as a commitment fee. Each apartment was valued at MVR 20 million.
In addition to these transactions, the document indicated that several state-owned enterprises and institutions—including Male’ City Council, Waste Management Corporation Ltd (WAMCO), Housing Development Corporation (HDC), Maldives Airports Company Ltd (MACL), and State Trading Organisation (STO)—had made substantial payments to Official Events.
The MMA has not issued a public statement on the matter.
