Police have seized the passport of former MP Alhan Fahmy.
Police said Alhan's passport was held with a court warrant in connection to an ongoing investigation. But they did not provide details.
Police earlier launched a criminal investigation into allegations of scamming large amounts of money from various people and money laundering in the online trading business of Kings Capital linked to Alhan.
The Civil Court recently issued a judgment on the company to pay MVR 90,000 owed to a man named Ismail Anees. He had accused the company of not returning any profits for his investment.
According to chatlogs and transfer slips shown by Anees, he invested MVR 100,000 but Kings Capital returned only MVR 10,000. The remaining amount was promised to be paid within 20 days, but the company did not follow through.
Kings Capital has not appeared in court despite repeated summons.
Police accused Alhan and his company of introducing an investment scheme in violation of Maldives' financial security laws and regulations.
Alhan has previously denied the allegations and said the police was targeting him for political purposes.
BML had previously seized Kings' bank accounts. However, the Kings filed a lawsuit in the Civil Court, which ruled that the accounts were wrongly withheld without a court order.
