Pension Office CEO Sujaatha Resigns Over Controversial MVR 2.4 Billion Deal

Sujaatha Haleem, Chief Executive Officer of the Maldives Pension Office, has resigned from her post amid controversy surrounding a government-backed MVR 2.4 billion financial transaction.

Sujaatha, who assumed office in October 2022, confirmed her resignation following criticism over the Pension Office board’s approval of the deal, which involved channeling pension funds to support government financing needs.

The transaction saw the Pension Board purchase MVR 2.4 billion worth of bonds issued by the Maldives Monetary Authority (MMA), after which the funds were reinvested into new bonds from the Ministry of Finance, a move that has raised concerns over transparency and the use of pension savings to fund state operations.

Earlier, Pension Board Chairman Ahmed Inaz and several board members also stepped down in connection with the matter. Board member Ahmed Sarvash Adam resigned on October 22, 2025, while Chief Financial Officer Havva Fajwa resigned on November 4, 2025.

The resignations come amid mounting public scrutiny over the government’s handling of pension funds and allegations of improper financial practices.