The auditors of Bank of Maldives (BML) are looking into the case of millions in misappropriation of funds.
Previously, BML had stated that strict action will be taken against any employee found guilty of dishonesty towards the company or of taking part in illegal activities.
"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", BML's Public Relations Manager Mohamed Saeed told VNews.
While rumors of the embezzlement have been circulating around social media, the amount is speculated to be MVR 8 million.
The number of employees responsible are not yet clear. .