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Civil Court rejects BML's stay order request

Mariyam Malsa
29 July 2019, MVT 20:38
Bank of Maldives (BML) main building in the capital city of Maldives. PHOTO: MIHAARU
Mariyam Malsa
29 July 2019, MVT 20:38

The Civil Court, on Monday, rejected Bank of Maldives (BML)'s request to issue a temporary order halting disciplinary action against its employees over noncompliance with providing information until the conclusion of the ongoing case.

BML requested the Civil Court to rule that the bank was not under any obligation to provide information to investigative bodies unless a court order was presented.

The current case underway was submitted by the bank to invalidate the information request of the Presidential Commission on Corruption and Asset Recovery.

The Anti Corruption Commission (ACC) is also involved in the case.

During previous cases, BML readily provided information to investigative bodies. However, in accordance with a recent ruling by the High Court, BML has expressed difficulties in revealing information without being presented a court order.

BML and investigative bodies are currently in disagreement over the matter.