Deputy Speaker of the Parliament Ahmed Nazim says the day the Bank of Maldives limited its card services on foreign transactions, several senior officials of the bank were abroad.
Debating the government's amendment to the company's bill, Nazim said the bill comes after the bank's CEO Karl Stumka resigned from his post while the bank was scheduled to hold an extraordinary general meeting (EGM) on Saturday to appoint new board members.
Nazim said another EGM would have to be held to appoint a new CEO and the amendment to the Companies Bill would facilitate another EGM in a short time.
Nazim then said the bank's operations director, credit control manager, and risk manager were abroad on the day the card services were limited.
He noted all these posts were filled with foreigners and the bank spends 15,000 dollars on their salaries each month.
The Deputy Speaker added these posts needed to be given to locals. He also said if the Bank continues to operate without much control over it it, the country might have to face more serious consequences in the future.
