The Criminal Court has cleared Sun Construction and Sun Investment of all money laundering charges connected to the leasing of R. Fuggiri island, closing a chapter of unfounded allegations that had unfairly tarnished two of the Maldives’ most respected companies.
Both firms, owned by Maldives Development Alliance (MDA) leader and Meedhoo MP Ahmed Siyam Mohamed, were accused of receiving illicit funds in the Maldives Marketing and Public Relations Corporation (MMPRC) scandal. However, after years of proceedings, the court found no wrongdoing, affirming that the accusations lacked merit.
No Motive, No Crime
Reliable financial experts says that Sun’s companies generate well over USD 200 million in legitimate annual income. Against such a backdrop of vast and transparent earnings, the notion that these firms would risk reputation and stability to unlawfully obtain USD 1.1 million is both illogical and unfounded. The verdict underscores this reality: there was never a motive to commit such an act.
Court Confirms Transparency
According to a senior Criminal Court official, the acquittal was delivered last month, with the delay in updating the hearing schedule attributed to an administrative error. The court made it clear that no hearings were held in secrecy and that due process was fully observed.
Political Targeting Exposed
The case, originally tied to former President Abdulla Yameen before being separated, revolved around alleged payments and inter-company transfers. Yet, the evidence never demonstrated criminal intent on the part of Sun Construction or Sun Investment. Analysts note that the charges appeared more politically charged than legally grounded, targeting a leading businessman and political figure.
Vindication and Confidence for Investors
The outcome is being celebrated as a landmark victory for fairness and corporate justice. By exonerating the companies, the court has sent a strong signal to investors: Maldivian businesses with proven track records and substantial revenues will not be unjustly scapegoated for systemic corruption.
For Siyam Mohamed and the Sun Group, this verdict is more than just an acquittal—it is a vindication that restores faith in both justice and the strength of Maldivian enterprise.
