King's capital Ponzi scheme: No revision of charges

4 weeks ago

Prosecutor General Abbas Shareef has decided to press charges, without any changes, against former MP Alhan Fahmy and two of his brothers, Shahuban Fahmy and Shazuban Fahmy for fraud and misrepresentation. The trio, under their company King’s Capital Holdings Pvt Ltd, had promised large returns to investors through a scheme but allegedly laundered this money. Maldives Police Service said its investigation revealed