Government’s Rf 300million BML loan to be investigated in Majlis
03 Jul 2012, 5:19 PM
Daniel Bosley
Maldivian Democratic Party (MDP) MP Ahmed Sameer has proposed that the Parliament take action against the government after it allegedly obtained a Rf 300 million (US$20 million) loan from the Bank of Maldives (BML) without consulting the legislature, local media has reported.
Sameer claims that the government had misled people by claiming it had sought parliamentary approval prior to obtaining the loan.
The issue of the loan was first discussed in the Majlis’ Finance Committee on June 25. After deliberating on the necessity for parliamentary approval for the loan, the committee opted to send the issue to the Counsellor General for clarification.
Kulhudufushi MP and Finance Committee member Abdul Ghafoor Moosa told Minivan News at the time that the loan could not be granted as it was not part of the state budget.
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