BML Silent on Coup Allegation as Senior Government Officials Demand CEO Resignation

The Bank of Maldives (BML) suspended foreign transaction allowances on MVR-linked debit and credit cards, which was quickly reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, alleged the decision was part of an attempted coup orchestrated by the opposition Maldivian Democratic Party (MDP) and demanded the resignation of BML CEO Karl Stumke. The Maldives Police Service launched an investigation, citing coordination between BML and MDP. Critics argue the government could have intervened earlier. BML has remained silent on the calls for resignation.

The Bank of Maldives (BML) suspended foreign transaction allowances on MVR-linked debit and credit cards, which was quickly reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, alleged the decision was part of an attempted coup orchestrated by the opposition Maldivian Democratic Party (MDP) and demanded the resignation of BML CEO Karl Stumke. The Maldives Police Service launched an investigation, citing coordination between BML and MDP. Critics argue the government could have intervened earlier. BML has remained silent on the calls for resignation.

The Bank of Maldives (BML) suspended foreign transaction allowances on MVR-linked debit and credit cards, which was quickly reversed after pressure from the Maldives Monetary Authority (MMA). Senior government officials, including Fisheries Minister Ahmed Shiyam, alleged the decision was part of an attempted coup orchestrated by the opposition Maldivian Democratic Party (MDP) and demanded the resignation of BML CEO Karl Stumke. The Maldives Police Service launched an investigation, citing coordination between BML and MDP. Critics argue the government could have intervened earlier. BML has remained silent on the calls for resignation.

This story involves 1 source and may affect public understanding of bml / coup allegations.