Karl Stumke resigned as Managing Director and CEO of Bank of Maldives (BML) after the bank's decision to suspend foreign transaction allowances on MVR-linked cards drew government accusations of an attempted coup, an investigation by Maldives Police Service, and calls for his resignation. BML said Stumke would serve until a special annual general meeting on 21 September and that its board had begun selecting a new CEO.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Stumke’s resignation was announced in a statement posted on the BML website on Sunday, with the bank confirming that he will continue to serve as CEO until a special annual general meeting on 21 September.
Word for word from the report in Maldives Republic. Open the report
the bank confirming that he will continue to serve as CEO until a special annual general meeting on 21 September.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Maldives Police Service (MPS) launched an investigation into what it described as an attempted coup d’état, coinciding with BML’s policy announcement.
Word for word from the report in Maldives Republic. Open the report
using BML’s recent decision to suspend foreign transaction allowances on Maldivian Rufiyaa (MVR)-linked debit and credit cards to destabilise the government
Word for word from the report in Maldives Republic. Open the report
The bank’s decision, which was quickly reversed after pressure from the Maldives Monetary Authority (MMA), caused public uproar and was followed by calls for Stumke’s resignation from key administration figures.
Word for word from the report in Maldives Republic. Open the report
