Mohamed Maadhin Latheef, a member of the Pension Office Board, has resigned.
Mohamed Maadhin Latheef has become the fourth member to resign from the Maldives Pension Administration Office's board in protest over the government's move to print money.
Mohamed Maadhin Latheef has become the fourth member of the Pension Office Board to resign in protest over the government's move to print money. | Raajje MV
Pension Office Board Member Mohamed Maadhin Latheef has resigned less than 48 hours after the board decided to invest in a government bond using funds acquired through a controversial transaction. The move involved selling MVR 2.4 billion in existing pension fund bonds to the Maldives Monetary Authority (MMA), a maneuver critics describe as a deceptive method of money printing by President Muizzu’s administration.
Details are emerging...
