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News banking / resignation Maldives Impact 5.0/10 3 min read
Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil

Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil

Aishath Sajny, a government representative on the Bank of Maldives (BML) board, resigned amid leadership turmoil. Her departure follows the removal of Deputy CEO Aishath Noordeen and earlier dismissal of five directors by the Privatisation and Corporatisation Board (PCB), which raised legal concerns. CEO Karl Stumke resigned earlier this month following accusations linking BML decisions to an attempted coup, and after controversy over suspending foreign transaction allowances, reversed after MMA pressure. The government nominated Ahmed Ali Habeeb as chairman, after President Muizzu removed former chairman Yooshau Saeed.

Aishath Sajny, a government representative on the Bank of Maldives (BML) board, resigned amid leadership turmoil. Her departure follows the removal of Deputy CEO Aishath Noordeen and earlier dismissal of five directors by the Privatisation and Corporatisation Board (PCB), which raised legal concerns. CEO Karl Stumke resigned earlier this month following accusations linking BML decisions to an attempted coup, and after controversy over suspending foreign transaction allowances, reversed after MMA pressure. The government nominated Ahmed Ali Habeeb as chairman, after President Muizzu removed former chairman Yooshau Saeed.

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Maldives Republic

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Sep 20, 2024

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Aishath Sajny, a government representative on the Bank of Maldives (BML) board, resigned amid leadership turmoil. Her departure follows the removal of Deputy CEO Aishath Noordeen and earlier dismissal of five directors by the Privatisation and Corporatisation Board (PCB), which raised legal concerns. CEO Karl Stumke resigned earlier this month following accusations linking BML decisions to an attempted coup, and after controversy over suspending foreign transaction allowances, reversed after MMA pressure. The government nominated Ahmed Ali Habeeb as chairman, after President Muizzu removed former chairman Yooshau Saeed.

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