BML CEO Resigns Amid Allegations of Financial Coup
Karl Stumke, CEO of Bank of Maldives (BML), resigned amid allegations that the bank's policy suspending foreign transaction allowances was part of an attempted coup against the government. The resignation was announced on BML's website; he will continue until a special AGM on 21 September. The policy was reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, accused the opposition Maldivian Democratic Party (MDP) of orchestrating the plot. The Maldives Police Service launched an investigation. BML's board has initiated a CEO selection process.
Karl Stumke, CEO of Bank of Maldives (BML), resigned amid allegations that the bank's policy suspending foreign transaction allowances was part of an attempted coup against the government. The resignation was announced on BML's website; he will continue until a special AGM on 21 September. The policy was reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, accused the opposition Maldivian Democratic Party (MDP) of orchestrating the plot. The Maldives Police Service launched an investigation. BML's board has initiated a CEO selection process.
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Karl Stumke, CEO of Bank of Maldives (BML), resigned amid allegations that the bank's policy suspending foreign transaction allowances was part of an attempted coup against the government. The resignation was announced on BML's website; he will continue until a special AGM on 21 September. The policy was reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, accused the opposition Maldivian Democratic Party (MDP) of orchestrating the plot. The Maldives Police Service launched an investigation. BML's board has initiated a CEO selection process.
This story involves 1 source and may affect public understanding of coup allegations / resignation.
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Focus: BML CEO Resigns Amid Allegations of Financial Coup
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