Financial Coup

17 articles

BML is on a risky path

BML's lending decisions are now based on politics, not sound financial principles. If BML operates for the needs of the President rather than the corporate interests of the bank, this means it is on a risky path, and the outcome could be dire.

11 months ago

News

No progress in financial coup investigation against BML

The investigation was launched on August 26, 2024, following claims by the government that BML’s board had conspired with the opposition to destabilize President Mohamed Muizzu's administration.

1 year ago

News

BML is on a risky path

No progress in financial coup investigation against BML

Police find no evidence of Financial Coup

Shareef becomes BML's first Maldivian CEO

Financial coup: no one questioned one month into investigation!

BML begins taking money from USD fixed deposit accounts

BML board member Sajnee resigns

No one questioned three weeks into financial coup investigation!

"Government must not do anything to undermine trust in BML"

Financial coup: no suspects 15 days into investigation!

BML CEO Karl resigns amid financial coup allegations

BML provides official statement for financial coup investigation

Financial coup: BML CEO Karl travels to Dubai amid investigation

Trust in financial institutions shattered by "coup" allegations

MDP calls for Police Commissioner's resignation

Govt planned and tried to push "financial coup" narrative

"Financial coup" and the law