Graphics: Ismail Imdhad/ Adhadhu
The central bank employees are being told to sign a resolution stating that they could face imprisonment for disclosing information.
Adhadhu has seen some pages of the resolution. It states that employees are obliged to maintain confidentiality under the employment contract, code of conduct and other rules of the Maldives Monetary Authority (MMA).
“I hereby undertake to maintain the confidentiality of all information known or obtained in the performance of my duties at the Authority as mentioned in the Maldives Monetary Authority Act 1981 and its regulations, employee code of conduct and employment contract between the Authority and me,” the resolution stated.
The resolution defines confidential information very broadly and makes it an offence to disclose it except as required by law. The next sentence describes the punishments.
(1) Except as required by law by a court or in the performance of the responsibilities or duties, any member of the Board or former Board member or any employee or agent or consultant must not disclose information of the Authority or financial institution or any other person. (2) A person who commits an act in violation of this Article shall be guilty of an offence. The punishment for this is imprisonment for a term not exceeding two years, or exile, or house arrest for a term not exceeding two years, or a fine not exceeding MVR 20,000. Or imprisonment, exile or house arrest for a term not exceeding two years along with a fine not exceeding MVR 20,000.
Earlier, the police raided MMA over the issue of leaking information, while Governor Ahmed Munawar launched an internal investigation into the leaks.
Some of the leaks include the move to purchase land in Hulhumale', resignation of board members and former Deputy Governor Ahmed Imad in connection with the land purchase decision and the project to develop a financial centre with an international company named MBS.
Meanwhile, the MMA board's longest-serving member Idham Hussain was also dismissed. She had been a board member of the central bank for eight years.
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