Former President Mohamed Nasheed has urged the government not to repeat the mistakes of previous administrations, saying that citing past errors is not a valid justification for repeating them.
His remarks come amid controversy surrounding a MVR 2.5 billion financial transaction between the Maldives Pension Office and the Maldives Monetary Authority (MMA), reportedly involving the sale of a government bond in the secondary market.
Nasheed said that wrongdoing by previous governments cannot be used as an excuse for similar actions by the current or future administrations.
While some financial experts have described the transaction as money printing, President Dr. Mohamed Muizzu has maintained that his government will not print money.
Ahmed Saruvash Adam, a private sector representative on the Pension Office board, resigned recently, calling the transaction “dangerous.”
His remarks come amid controversy surrounding a MVR 2.5 billion financial transaction between the Maldives Pension Office and the Maldives Monetary Authority (MMA), reportedly involving the sale of a government bond in the secondary market.
Nasheed said that wrongdoing by previous governments cannot be used as an excuse for similar actions by the current or future administrations.
While some financial experts have described the transaction as money printing, President Dr. Mohamed Muizzu has maintained that his government will not print money.
Ahmed Saruvash Adam, a private sector representative on the Pension Office board, resigned recently, calling the transaction “dangerous.”
