Bank of Maldives (BML), on Tuesday, suspended two of its employees in relation to the multi-million embezzlement scam within the bank.
VNews understands the accused are a married couple, working in two different departments of BML.
The couple reportedly embezzled money from an internal account, which is not related to the accounts of customers.
Although reports have been circulating on social media speculating MVR 8 million as the embezzled amount, VNews has learnt the amount is likely to be greater than that. An official of the bank stated that the exact amount can only be confirmed after the bank completes an internal audit.
Public Relations Manager of BML Mohamed Saeed said the bank has strong policies, procedures, systems and internal controls in place to detect any internal wrongdoing. If a staff has acted in breach of any of these, strict action will be taken and a proper investigation will be carried out by the relevant authorities