Elections Commission of the Maldives (ECM) has stated that all the presidential candidates who did not make it to the second round of the election have submitted their financial statement.
The presidential candidates who did not make it to the second round were required to submit an audit report pertaining to their election-related financial transactions within 60 days from the date of the first round of the election. ECM stated that the candidates submitted their financial statement on time. Independent Candidate Hassan Zameel submitted his financial statement on October 30, while the remaining five candidates submitted their financial statement on November 8.
Incumbent President Ibrahim Mohamed Solih and President-elect Dr. Mohamed Muizzu are required to submit their financial statement within 60 days from the date of the second round of the election. The deadline expires on November 29.
When submitting a financial statement, the candidate must include details of the expenses incurred in connection with their election campaign and how the funds were obtained. They are also required to submit a copy of the receipts, invoices, and bills verifying the information on the donors and the amount of money and resources spent on the election and the bank account statements.
It is a criminal offence to disobey any law stipulated in the Elections (General) Act. The penalty for noncompliance is a prison term of six months to two years and a fine between USD389 to USD1,556.