Bank of Maldives (BML)'s Deputy CEO Mohamed Shareef's name was omitted from the list of members on the company's board submitted by the government.
Local media Mihaaru reported that Shareef's name was formerly on the list as a board member for the upcoming year, but was later removed. However, it is unclear whether another name was submitted in Shareef's place.
Therefore, Shareef will not be on the board of BML that will be announced during BML's Annual General Meeting.
BML's board contains a total of 11 members out of which the government chooses eight. The remaining three are shareholders chosen by those who hold shares in the bank. This year, Mohamed Abdul Sattar, Ibrahim Abdul Sattar and Ahmed Mohamed are applying for these three slots, independently.
01. Timothy Sawyer, CEO
02. Juwairiya Saeed
03. Sana Mansoor
04. Najeem Ibrahim Zakariyya
05. Hawwa Safna
06. Hussain Thaufeeq Ali
While Shareef's name has been eliminated from the list, Maldives Police Service is currently probing into a case filed against him by the parliament alleging that Shareef provided false information to the parliament's Public Finance Committee.
Shareef is accused to have given false information about completing the transfer of non-negotiable cheques to SOF accounts. The cheques were paid to Maldives Marketing and Public Relations Corporation (MMPRC) as the acquisition cost of islands leased by the company.
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