Former manager of Bank of Maldives (BML)’s F. Nilandhoo branch, Qasim Abdul Kareem, who famously blew the whistle on the MMPRC embezzlement scandal, has been appointed the chairman of Maldives Center for Islamic Finance Limited (MCIF).
MCIF was established under a presidential decree by former Maldivian President Abdulla Yameen Abdul Gayoom on March 24, 2016, with the purpose of developing Islamic finance in Maldives and making Maldives a hub for Islamic finance in the South East Asia region.
Privatization and Corporatization Board (PCB) confirmed Qasim’s appointment as chairman of MCIF this Wednesday.
Qasim had previously been sentenced to eight months and 12 days in prison for releasing confidential information on one of BML’s customers in violation of the bank’s whistleblowing policy.
He regained his freedom upon completion of his sentence on November 17, 2016.
PCB has also announced two other new appointments to the Board of Directors of state-owned companies; the appointment of Mariyam Rasheeda as a director at Fenaka Corporation, and the appointment of Jadhulla Nazim as a director at Maldives Ports Limited (MPL).