A digest of news and opinion from the Maldives.
Former Vice President Ahmed Adheeb arriving in court on Wednesday. PHOTO / MIHAARU Former Vice President Ahmed Adheeb on Wednesday claimed that he was arrested on trumped-up charges and that the state is trying to frame him. Adheeb, who is already serving a 33 year prison sentence, made these accusations at the Criminal Court during […]
Maldives Monetary Authority (MMA), the Central Bank of Maldives have issued MVR 24 Million under the Credit Guarantee Scheme for Small and Medium-sized Enterprises (SMEs). Under this scheme, applicants are not required to keep a mortgage and is charged with a fairly small interest rate. MMA has setup a fund to provide credit to SMEs […]
The now-suspended judge of the Criminal Court, Ahmed Rasheed (C). The Judicial Service Commission suspended Ahmed Rasheed, a judge of the Criminal Court, late Wednesday. The suspension was announced at a JSC meeting chaired by the commission’s Vice President Mohamed Faisal. Mihaaru understands that Judge Ahmed Rasheed is suspended in connection to a case JSC […]
Satellite image of K. Himmafushi The Thulusdhoo Magistrate Court in Kaafu atoll has ordered to remand a local man, who is under arrest in connection to the death of an expatriate in Himmafushi island, until the end of his trial. The local was arrested Tuesday after a Bangladeshi national, 38, employed at the Life water […]
Security officers surround Speaker Maseeh inside the parliament chambers, seen on the left. PHOTO: AHMED NIHAN The parliament on Thursday approved to appoint Ahmed Naseer as the governor of Maldives Monetary Authority (MMA). Thursday’s sitting was also conducted amongst chaos as opposition lawmakers continued to protest against Speaker Abdulla Maseeh chairing the session. The parliament […]
Following a year in which Bank of Maldives recorded its best ever financial performance, CEO Andrew Healy has emphasized that the Bank is keeping its promise to re-invest its earnings to support Maldivian individuals, families and businesses across the country. Addressing shareholders at the Bank’s AGM tonight, Andrew stated that the Bank had invested MVR […]
Bank of Maldives has confirmed that its shareholders will receive a record dividend for the fourth consecutive year. Shareholders voted to approve the proposed pay-out of MVR 107.6 million (MVR 20 per share) at the Bank’s Annual General Meeting held in Hotel Jen, Male’ tonight. The state will receive just over MVR 370 million through […]
Mohamed Nasheed. Credit: Wikimedia This is his first Indian sojourn since he left the Indian ocean island nation in January 2016. New Delhi: Even as the parliament of Maldives continues to be virtually besieged, opposition leader and former Maldives president Mohamed Nasheed will be arriving in India for a short visit this week. This is his first […]