Yameen Warns BML CEO Shareef Will Be Held Accountable When Government Changes

Former President Abdulla Yameen Abdul Gayoom warned that Bank of Maldives CEO Mohamed Shareef will be held accountable after a government change. Speaking at a People's National Front gathering, Yameen accused Shareef of making major financial decisions without board approval. He criticized the government for treating BML as part of the President's Office finance department, undermining its independence. Yameen alleged the government is using BML to raise funds by purchasing treasury bills and bonds, as external borrowing options are exhausted. BML's quarterly report showed increased operating profit but declined net profit.

Former President Abdulla Yameen Abdul Gayoom warned that Bank of Maldives CEO Mohamed Shareef will be held accountable after a government change. Speaking at a People's National Front gathering, Yameen accused Shareef of making major financial decisions without board approval. He criticized the government for treating BML as part of the President's Office finance department, undermining its independence. Yameen alleged the government is using BML to raise funds by purchasing treasury bills and bonds, as external borrowing options are exhausted. BML's quarterly report showed increased operating profit but declined net profit.

Former President Abdulla Yameen Abdul Gayoom warned that Bank of Maldives CEO Mohamed Shareef will be held accountable after a government change. Speaking at a People's National Front gathering, Yameen accused Shareef of making major financial decisions without board approval. He criticized the government for treating BML as part of the President's Office finance department, undermining its independence. Yameen alleged the government is using BML to raise funds by purchasing treasury bills and bonds, as external borrowing options are exhausted. BML's quarterly report showed increased operating profit but declined net profit.

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