The man arrested on suspicion of setting fire to three vessels at Baa Kendhoo harbour about a month ago has been released by Maalhos Magistrate Court.
Police said that Abdul Salman Yoosuf, 41, was released by the court on Thursday.
The two fishing boats and a speedboat were set alight early morning on 24 April 2015.
The owners of the vessels destroyed in the fire told Sun Online earlier that the losses could reach MVR 4.3 million.