Solih urges govt to stop undermining BML's credibility
Solih said BML is connected to the lives of many people and businessmen.
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Former President Ibrahim Mohamed Solih said on Wednesday that the government should not do anything to undermine public confidence in the Bank of Maldives (BML).
In a post on X, Solih said BML is connected to the lives of many people and businessmen.
The bank should always have the full trust of everyone and the government should not do anything to lose that trust, he said.
"If trust in BML is lost, it will be a great loss for the entire society. BML is the bank of the people," he wrote in his post.
Solih's comments come a day after the government proposed to appoint Ahmed Ali Habeeb, currently serving as the cabinet secretary, as the chairman of BML at its extraordinary shareholders meeting on Saturday.
A recent change in the rules by the central bank, Maldives Monetary Authority (MMA), allows political figures to hold positions in financial institutions such as banks.
Ahmed Ali Habeeb:
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Member of the Chartered Institute of Management Accountants (CIMA) in the UK
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Before taking over as cabinet secretary, he was the General Manager of Apollo Holdings
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He was a board member of the Housing Development Corporation (HDC)
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He has three companies; They are Megaton Pvt Ltd, Cocobolo Maldives and The Exquisite Holidays
The other two proposed directors from the government are:
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Mohamed Shahid - Accounting expert and has held senior positions in the tax authority, Maldives Inland Revenue Authority (MIRA)
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Ali Irfan, Daylight Villa/Addu Maradhoofeydhoo - Higher education in accounting and finance; He has worked as a consultant to the ministries of finance and health
Recently, BML CEO and Managing Director Karl Stumke resigned. The bank has started a search for his replacement.
