Pension Office invites applications for chairperson after Inaz resigns

The Pension Office has opened applications for the post of chairperson following the resignation of Ahmed Inaz on Sunday.

In an announcement issued Monday, the office invited nominations for the position, with applications accepted until 14:00 on the 16th of this month. According to the criteria, candidates must hold a first degree in economics or law and have professional experience in pensions or investment.

Inaz resigned amid controversy over the government’s plan to raise MVR 2.4 billion through a bond issued via the Pension Office. He said he believed raising funds for the transaction through the Maldives Monetary Authority (MMA) would be economically harmful.

Former President Abdulla Yameen Abdul Gayoom alleged on Sunday that Inaz stepped down because the government was attempting to “launder money” through the Pension Office.

Two other senior figures, board member representing private businesses, Saruvaash Adam, and the office’s Chief Financial Officer, Hawwa Fajuwa, also resigned following the office’s decision to proceed with the transaction.