The Bank of Maldives (BML) has recently inadvertently deposited $77 billion into customer accounts, leading to an urgent review by the Maldivian Parliament. The discrepancy, which involved payments mistakenly made as July salaries to employees of Lily Beach Resort, has prompted immediate action from lawmakers.
The issue was highlighted today by South Henveiru MP Imran, who presented the matter to the Parliament’s Information and Communication Technology Committee. Imran expressed concern over whether the massive transfer resulted from human error or a system malfunction. “It is crucial to determine whether this error was caused by a technical glitch or an oversight,” he stated.
Imran also raised alarms about the BML mobile application, which has been non-operational since last night. He noted that the disruption compounded the situation and hindered efforts to address the issue. “Understanding the underlying problem is essential for preventing similar incidents in the future,” Imran added.
The parliamentary committee members supported Imran’s motion for a thorough investigation. They emphasized the importance of clarifying how such a substantial sum was mistakenly credited to accounts and stressed the need for robust safeguards to prevent recurrence.
The Bank of Maldives has not yet issued a formal statement regarding the error. The investigation is expected to focus on both the immediate financial implications and the broader impact on the bank’s systems and customer trust.
The issue was highlighted today by South Henveiru MP Imran, who presented the matter to the Parliament’s Information and Communication Technology Committee. Imran expressed concern over whether the massive transfer resulted from human error or a system malfunction. “It is crucial to determine whether this error was caused by a technical glitch or an oversight,” he stated.
Imran also raised alarms about the BML mobile application, which has been non-operational since last night. He noted that the disruption compounded the situation and hindered efforts to address the issue. “Understanding the underlying problem is essential for preventing similar incidents in the future,” Imran added.
The parliamentary committee members supported Imran’s motion for a thorough investigation. They emphasized the importance of clarifying how such a substantial sum was mistakenly credited to accounts and stressed the need for robust safeguards to prevent recurrence.
The Bank of Maldives has not yet issued a formal statement regarding the error. The investigation is expected to focus on both the immediate financial implications and the broader impact on the bank’s systems and customer trust.
