Former president Mohamed Nasheed has remarked that a wrongdoing by a former administration is not an excuse for successive administrations to repeat them.
Nasheed remark comes amidst a controversial financial transaction between Maldives Pension Administration Office (MPAO) and central bank, Maldives Monetary Authority (MMA). 
Senior government officials, in unofficial capacity, have confirmed MPAO board’s approval to sell an MVR 2.5 billion government bond in the secondary market through MMA. However, the Finance Ministry has yet to disclose any information regarding the matter through official means.
Experts, including former president Abdulla Yameen Abdul Gayyoom and former Finance Minister Ibrahim Ameer, have alleged that MMA is investing MVR 2.5 billion in the pension fund and then having the Pension Administration Office invest the money in a government bond – something that is the same as money printing. 
Nasheed, via a post on X on Thursday, said a wrongdoing by a former administration is not an excuse for the successive administration or future administrations to repeat them. Although Nasheed did not link his remarks to a particular issue – it is likely about the money printing move.
Notably, Saruvash Adam, who represented the private sector on MPAO”s board, resigned from the post on Wednesday in protest, citing that the transaction raises serious legal, fiduciary and economic concerns.
Former Economic Minister and main opposition Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail has accused the government of attempting to misuse public funds and called on board members of MPAO and MMA to resign if they cannot oppose such moves.
Some local media, citing a senior official from the Finance Ministry, have linked the transaction to President Dr. Mohamed Muizzu’s recent pledge to settle outstanding payments by the government to private contractors.
However, President Muizzu has reiterated that MVR 2.3 billion will be paid to private contractors without resorting to printing money.
During his 2023 presidential campaign, President Muizzu vowed he would never print money, as his predecessor had resorted to during the Covid-19 pandemic. He repeatedly reiterated this pledge after taking office, naming avoiding money printing as one of his administration’s crowning achievements.