Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42 years of service. The dismissal was communicated in a letter sent on Saturday by the Privatisation and Corporatisation Board (PCB), which oversees government companies.  The reason for the PCB’s decision is not known at this time.

BML’s charter states that board members are to be removed only through a general meeting of shareholders.

In January, the PCB similarly dismissed five BML directors, but legal concerns arose about the legitimacy of this action. The PCB later rescinded the notice and reappointed the directors, who were ultimately removed during a general meeting of shareholders.