MDP warns BML of losses in 206 projects

1 day ago

The opposition Maldivian Democratic Party (MDP) has accused the Bank of Maldives (BML) of illegally financing 206 government-awarded projects, warning the move could expose the bank to significant financial losses. On November 6, the government awarded 206 projects to 53 companies without competitive bidding. In a letter to BML Chairman Ahmed Ali Habeeb, MDP Legal Director Ahmed Mauroof argued that the