Police detain suspect in MVR 29,000 bank account fraud case
When he was produced before the Criminal Court on Sunday, the court granted a further seven days of remand.
Police have arrested a man in connection with an alleged bank fraud in which more than MVR 29,000 was withdrawn from a victim’s account.
According to a police statement issued on Monday, the victim, a businessman, received a phone call on 29 September last year and was asked to share a one-time password (OTP). After the OTP was provided, money was deducted from his bank account.
Following an investigation into the complaint, police arrested Nadheef Mohamed, 36, of Rankoka, GA. Gemanafushi, on 29 December.
Police said further inquiries into Nadheef’s activities uncovered additional cases. He is now suspected of operating a wider scam in which money was deposited into multiple accounts and later withdrawn.
According to police, more than MVR 29,600 was deposited into one account linked to the case, and MVR 24,700 was withdrawn from an automated teller machine on several occasions. In another instance, more than MVR 4,900 was deposited into a separate account and subsequently withdrawn.
Police said Nadheef is also accused of obtaining bank cards belonging to other individuals and using them in connection with the alleged scams.
He was initially remanded in custody for 30 days on fraud-related charges. When he was produced before the Criminal Court on Sunday, the court granted a further seven days of remand.
