India appears to be Maldives financial advisor: MP Shiyam

Naifaru constituency MP Ahmed Shiyam | Photo: Majlis

Malé, Maldives — Naifaru constituency MP, Ahmed Shiyam has said that lately our neighboring country, India has started to appear as the financial advisor of Maldives.

The statement comes from the MP while debating about the Payment System and Payment Services Bill at the parliamentary sitting held earlier today. He stated that India appears to be handling all the financial affairs of the island nation.

He also said that as the country’s financial intelligence is now in the hands of another country, and that the citizens of Maldives cannot hope for good investments to come to the country from a foreign country.

“The financial intelligence of the Maldives is currently being handled by another country and that this is why we are unable to obtain a good investment with sound policies” MP Shiyam said.

MP Shiyam also added that each of the bills the government is submitting to the parliament mandates the establishment of new councils, commissions and political posts. While claiming that the bills are being drafted by a law firm associated with Attorney General Ibrahim Riffath, he said that India plays a great role as a financial advisor to the Maldives in all the financial bills.

MP Shiyam also accused the Finance Minister Ibrahim Ameer saying that he violated the Public Finance Act in the country’s COVID-19 spending. Along with the Finance Minister, MP Shiyam went on to accuse the government as well for using ‘black-market funds’ to make up for the budget deficit that the country is currently facing.

Along with being a parliamentary member, MP Shiyam is also the Vice President of main opposition party, Progressive Party of Maldives (PPM).