Police have found no evidence to support allegations of a so-called “financial coup” involving the Bank of Maldives (BML) and the Maldivian Democratic Party (MDP), despite a months-long investigation prompted by the government.
The investigation was launched following claims by the government that BML’s board had conspired with the opposition to destabilize President Dr. Mohamed Muizzu's administration. The accusations centered around a professional decision by BML to suspend U.S. dollar transactions from Maldivian Rufiyaa accounts on August 25.
A source familiar with the probe told Adhadhu that the evidence collected so far does not indicate any organized effort or coordination to incite public unrest or challenge the government.
“There is no evidence indicating that numerous bot accounts were calling on citizens to gather on the streets, nor is there any connection between the timing of the press conference and the bank’s announcement,” the source said.
The President first raised the "financial coup" allegations during a People’s National Congress (PNC) rally on August 26, one day after BML's decision. The police announcement of the investigation was made shortly afterward.
Despite the seriousness of the accusation, no senior officials from BML or the MDP have been questioned, sources from both institutions confirmed.
Previously, government officials had publicly labeled BML’s decision as an attempted coup, a claim that sparked controversy but now appears unsubstantiated by the ongoing police inquiry.
