Ex-President Yameen Slams Government for Politicising Banks

Former President Abdulla Yameen criticized the Mohamed Muizzu administration for politicizing the Bank of Maldives (BML) during a People's National Front (PNF) rally. He called on Maldives Monetary Authority (MMA) Governor Ahmed Munawar to intervene or resign. The MMA had amended regulations in August to allow political office holders on bank boards, and the administration proposed appointing Ahmed Ali Habeeb as BML Chairman. Yameen argued that politicizing banks violates corporate governance laws. Meanwhile, BML cut off US dollar support to Rufiyaa account holders, which the administration called an 'economic coup,' and police have launched an investigation but made no arrests.

Former President Abdulla Yameen criticized the Mohamed Muizzu administration for politicizing the Bank of Maldives (BML) during a People's National Front (PNF) rally. He called on Maldives Monetary Authority (MMA) Governor Ahmed Munawar to intervene or resign. The MMA had amended regulations in August to allow political office holders on bank boards, and the administration proposed appointing Ahmed Ali Habeeb as BML Chairman. Yameen argued that politicizing banks violates corporate governance laws. Meanwhile, BML cut off US dollar support to Rufiyaa account holders, which the administration called an 'economic coup,' and police have launched an investigation but made no arrests.

Former President Abdulla Yameen criticized the Mohamed Muizzu administration for politicizing the Bank of Maldives (BML) during a People's National Front (PNF) rally. He called on Maldives Monetary Authority (MMA) Governor Ahmed Munawar to intervene or resign. The MMA had amended regulations in August to allow political office holders on bank boards, and the administration proposed appointing Ahmed Ali Habeeb as BML Chairman. Yameen argued that politicizing banks violates corporate governance laws. Meanwhile, BML cut off US dollar support to Rufiyaa account holders, which the administration called an 'economic coup,' and police have launched an investigation but made no arrests.

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