The trial against former MP Alhan Fahmy and his brothers, Shazuban Fahmy, and Shahuban Fahmy, former President of the Media Council, commenced on Tuesday. The three brothers face a total of 13 charges each, including deception, fraud, and embezzlement, related to their family venture, Kings Capital Holdings.

Kings Capital Holdings is alleged to have operated an illegal investment scheme from 2021 to 2022, promising substantial returns to investors. According to the Prosecutor General’s Office, the Fahmy siblings fraudulently embezzled money from several investors and laundered the funds for personal use. The company reportedly collected over MVR 98 million from investors, many of whom did not receive their promised returns.

The presiding judge, Justice Ismail Shafeeu, has granted a 15-day extension for the defendants to appoint a defence attorney. The Prosecutor General’s Office has stated that the charges against the siblings are based on the complaints of 13 alleged victims.

In addition to the current charges, the Maldives Police Service is investigating other aspects of the case. The Prosecutor General’s Office has indicated that it may press additional charges against the siblings upon reviewing the police investigation documents.