Opposition Leader Criticises Government’s Influence Over BML Following Deputy CEO’s Removal

Opposition leader and MDP chairperson Fayyaz Ismail criticized the government for undue influence over Bank of Maldives after Deputy CEO Aishath Noordeen was removed from the board by the Privatisation and Corporatisation Board (PCB). Ismail warned that the removal could damage the financial system's integrity and international perception. Analysts echoed concerns, noting Noordeen's 42 years of experience and the alarming nature of her removal. The PCB's action may violate BML's charter requiring removal through a shareholder meeting, similar to a January incident where PCB removed five directors but later rescinded.

Opposition leader and MDP chairperson Fayyaz Ismail criticized the government for undue influence over Bank of Maldives after Deputy CEO Aishath Noordeen was removed from the board by the Privatisation and Corporatisation Board (PCB). Ismail warned that the removal could damage the financial system's integrity and international perception. Analysts echoed concerns, noting Noordeen's 42 years of experience and the alarming nature of her removal. The PCB's action may violate BML's charter requiring removal through a shareholder meeting, similar to a January incident where PCB removed five directors but later rescinded.

Opposition leader and MDP chairperson Fayyaz Ismail criticized the government for undue influence over Bank of Maldives after Deputy CEO Aishath Noordeen was removed from the board by the Privatisation and Corporatisation Board (PCB). Ismail warned that the removal could damage the financial system's integrity and international perception. Analysts echoed concerns, noting Noordeen's 42 years of experience and the alarming nature of her removal. The PCB's action may violate BML's charter requiring removal through a shareholder meeting, similar to a January incident where PCB removed five directors but later rescinded.

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