Authorities in the Maldives have arrested a foreigner who was allegedly involved in the black market dollar trade.

Police had identified the individual as 28-year-old Bangladeshi citizen M.D Manik Mia.

It was reported that he had been arrested while trying to deposit money after an illegal dollar trade transaction.

The foreigner had been accused of carrying out any activity that requires a license or permission without obtaining the said license and/or permission.

Police had said that the criminal court had given the suspect a 10-day remand period following his arrest.

The Maldives had recently deported four foreigners for illegal dollar trade activities including forging documents and other criminal acts.

Authorities in the Maldives had deported Rabeeullah, Mohamed Firudhos, Mohamed Iqbal Hosain, and Sohail and have identified them all as Bangladeshi nationals.