Court rules deactivation of Alhan’s company 'unlawful'

1 month ago

The Civil Court ruled Tuesday that the Bank of Maldives (BML)’s decision to deactivate the bank accounts registered to Kings Capital Holdings – a company owned by former Feydhoo MP Alhan Fahmy – has been unlawful. The bank had deactivated Kings Capital Holdings’ accounts last year, following warnings by Maldives Monetary Authority (MMA) and Capital Market Development Authority that the company