Four arrested over MVR 63,000 and USD 21,000 banking scam

Four individuals have been arrested on suspicion of defrauding a person of MVR 63,000 and USD 21,000 through a banking scam involving the misuse of a one-time password (OTP).

The Maldives Police Service said the incident occurred on October 24, 2026, after an unidentified individual contacted the victim and fraudulently obtained their OTP.

The perpetrator allegedly used the code to gain access to the victim's bank account and withdraw MVR 63,000 and USD 21,000, amounting to approximately MVR 386,820.

The four suspects arrested in connection with the case are Ibrahim Shareef, 34, of Goldengate, Gn. Fuvahmulah; Jinah Ahmed, 29, of Matharesmaage, F. Feeali; Ibrahim Muaz, 38, of Nazumu, F. Nilandhoo; and Ali Dhaain, 21, of Lilynight, L. Gan.

According to police, three of the suspects were arrested on October 28, while the fourth was taken into custody on October 29.

All four suspects were subsequently presented before court for remand proceedings and ordered to remain in custody for 15 days.

Police said investigations into the case are ongoing.