Aishath Sajnee, a government-appointed member of the Board of Directors of the Bank of Maldives (BML), has resigned.
Although AVAS has confirmed her resignation,, BML has yet to issue an official statement on the matter.
Sajnee holds a bachelor’s degree in economics and finance from the London School of Economics, Singapore, and a master’s degree in applied economics from Eastern Michigan University, USA. She has more than 10 years of experience in macroeconomics and finance. From 2017 to 2019, Sajnee headed the Research Division of the Maldives Monetary Authority (MMA), and she worked as an economist at the International Monetary Fund (IMF) from February 2019 to March 2020. She was most recently the Chairman of the Corporate Governance Committee of the BML Board.
Sajnee’s resignation comes at a turbulent time for BML, as police have launched a criminal investigation into the bank’s board following President Dr. Mohamed Muizzu’s allegations of a financial coup attempt after the board decided to block USD transactions from MVR-linked cards, a move that was later reversed following intervention from the central bank.
Her resignation also coincides with the bank’s Extraordinary General Meeting (EGM) scheduled for tonight, where decisions will be made on the government-proposed appointments to the bank’s board.
BML’s board comprises of 11 members, including three representatives of ordinary shareholders and eight government appointees. BML currently has a total of eight members on the board, including four government directors. Three names have already been submitted by the government for appointment to the BML board, including Cabinet Secretary to the President's Office Ahmed Ali Habeeb as the Chairman of BML.
