MVR 7m motorcycle fraud case sent for prosecution
According to police, money was obtained from 158 individuals on the claim that motorcycles would be supplied.
A case involving fraud and extortion linked to the sale of motorcycles has been referred to the prosecutor general’s office (PGO).
Police stated that more than MVR 7 million was obtained from members of the public.
The investigation began in 2024 and concerns a scheme operated by Kingston Holdings. The company collected payments from individuals for motorcycles from 2023 onwards.
Police have requested charges against two parties:
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Kingston Holdings
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The company’s owner, Ahmed Aathif Hassan, 38, of Dh. Bandidhoo
According to police, money was obtained from 158 individuals on the claim that motorcycles would be supplied. A total of MVR 7.1 million and more than $8,000 was taken.
Many individuals who made payments did not receive motorcycles. Some visited the company’s premises to raise complaints. The company stated that delivery had been delayed due to shipment issues.
Kingston Holdings was also ordered to pay MVR 1.5 million to the Maldives Islamic Bank (MIB) last year. The company is listed as an authorised dealer of the bank. The payment followed a breach of agreement.
