A Maldivian local has been arrested by authorities on charges of fraudulent transactions with international companies through the use of fake telegraphic transfers (TT).
According to the Maldives Police Service, the prime suspect, a 37-year-old male, has been taken into custody, but his identity has not been disclosed. It is alleged that the individual has been importing large quantities of goods into the Maldives and making payments to foreign suppliers through fake TT transactions.
The police have searched the suspect's residence in connection with the case and are continuing their investigation into the matter through the Economic Crime Department of Maldives Police.
Further details regarding the case are currently unavailable.