Active Stocks
Tue May 28 2024 09:33:03
  1. Tata Steel share price
  2. 177.25 1.00%
  1. ITC share price
  2. 430.15 -0.31%
  1. State Bank Of India share price
  2. 837.45 0.40%
  1. Wipro share price
  2. 455.95 0.75%
  1. Power Grid Corporation Of India share price
  2. 316.80 -0.38%
Business News/ News / World/  Maldives court overturns ex-President Abdulla Yameen’s prison sentence, orders retrial
BackBack

Maldives court overturns ex-President Abdulla Yameen’s prison sentence, orders retrial

A court in the Maldives on Thursday threw out former President Abdulla Yameen's 11-year prison sentence on money laundering and bribery charges and ordered a retrial

A file photo of Maldives President Abdulla YameenPremium
A file photo of Maldives President Abdulla Yameen

A court in the Maldives on Thursday threw out former President Abdulla Yameen's 11-year prison sentence on money laundering and bribery charges and ordered a retrial.

The development comes two days ahead of parliamentary elections in this Indian Ocean archipelago nation, known as an exclusive tourist destination.

The ruling, which was broadcast on the court's YouTube channel, is seen as a potential boost to President Mohamed Muizzu's party, which is seeking to secure a majority in the 87-member Parliament.

Also Read | Axis My India MD Pradeep Gupta says BJP-led NDA will face challenge in 13 states

The High Court ruled on Yameen's appeal and said in its decision on Thursday that his 2022 trial before the Criminal Court was unfair and released him.

The lower court had convicted Yameen two years ago of accepting money for leasing an island owned by the government, which he was accused of having done during his 2013-2018 term in office.

Also Read | Wipro Q4 results preview: IT major may see muted earnings; here’s what to expect

Last October, Yameen was transferred from prison to house arrest after Muizzu won the Maldives' presidential election. Yameen and Muizzu have long been political allies.

No date has been scheduled for the retrial.

You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Apr 2024, 11:05 PM IST
Next Story footLogo
Recommended For You