Alhan Fahmy | Atoll Times

Alhan Fahmy

Trial begins for 3 involved in Alhan's 'Ponzi scheme'

Claiming to have been assigned the case just this morning, the defense lawyer asked for 15 days to respond to the chargesheet against the three brothers.

Bank to appeal court ruling over alleged Ponzi scheme funds

Civil Court ruled that accounts can only be frozen under the Prevention of Money Laundering and Terrorism Financing Act only if there is a court order.

25 January 2023

Alleged Ponzi scheme funds frozen wrongfully, court rules

The ponzi scheme has been under investigation for almost a year now and no one has been charged in the case so far.

25 January 2023

Police to seek charges over Alhan's 'Ponzi scheme'

He was accused of fraudulently extorting money from several people and laundering it.

23 October 2022

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Alhan’s ‘tomorrow’ that never came; investors still at loss

6 months after being accused of running Ponzi scheme, Alhan’s investors have still not received their profits or investments