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GMR's Male airport contract illegal, anti-graft report doesn't change our stand: Maldives

Jun 18, 2013

GMR's Male airport contract illegal, anti-graft report doesn't change our stand: Maldives

Hinting that the report is likely to be challenged, he said, "We have to go through the report completely. There was an issue of $100 million cash advance of which $78 million was given. #TheySaidIt #Maldives #GMR #Male airport
Relief to GMR: Anti-graft watchdog rules out corruption in Male airport deal

Jun 17, 2013

Relief to GMR: Anti-graft watchdog rules out corruption in Male airport deal

The current Maldivian government had in December last year unilaterally terminated a 500 million USD contract given to GMR Group to develop and operate Male Airport, a project awarded to the Indian group by the earlier Mohamed Nasheed administration. #NewsTracker #Maldives #GMR #Mohamed Waheed #Male airport row
Investors cheer GMR's strategy to sue Maldives

Dec 13, 2012

Investors cheer GMR's strategy to sue Maldives

GMR Infrastructure is planning to seek compensation of over $800 million( Rs 4,334 crore) from the Maldivian government since its contract was cancelled abruptly #FaceOff #Maldives #GMR #compensation #Male airport
'Not China, GMR's poor PR skills led to ouster from Maldives'

Dec 10, 2012

'Not China, GMR's poor PR skills led to ouster from Maldives'

Maldivian president said that other Indian projects in the country is proof that there is no involvement of the 'foreign hand' in terminating GMR's contract, while his secretary said that GMR's unwillingness to walk the extra mile to resolve the issue resulted in its ouster. #TheySaidIt #Maldives #GMR #Mohammed Waheed #Male airport
GMR gives in, Maldives takes over Male airport

Dec 08, 2012

GMR gives in, Maldives takes over Male airport

The handover closes the chapter on a contentious business deal involving the Indian company, but the diplomatic hangover will last a lot longer. #NewsTracker #Maldives #Male airport #GMR Corp
Maldives to protect lenders' money: Indian Overseas Bank

Dec 07, 2012

Maldives to protect lenders' money: Indian Overseas Bank

The Maldives government has given a comfort letter to Indian Overseas Bank, which has $25-million exposure to GMR Group's Male airport project, assuring safety of lenders' funds, a top bank official said. #NewsTracker #Maldives #GMR #Indian Overseas Bank #Male airport
GMR to handover Male airport to MACL at midnight

Dec 07, 2012

GMR to handover Male airport to MACL at midnight

From midnight, the Maldives Airport Company (MACL) will take over operations of the Male International Airport and the battleground is now expected to shift to a protracted arbitration process for compensation. #WhatNext #Maldives #GMR #Male airport #Maldives Airport Company
Control quarters harming bilateral ties: India warns Maldives

Dec 07, 2012

Control quarters harming bilateral ties: India warns Maldives

Amid a diplomatic row over cancellation of the GMR contract, India today asked Maldives to control any quarters which may be trying to harm bilateral relations saying the issue should not put a "question mark" on the ties between the two sides. #India #diplomacy #Salman Khurshid #TheySaidIt #GMR #Male airport
'India, China war games begin with countries like Maldives'

Dec 07, 2012

'India, China war games begin with countries like Maldives'

Maldives and GMR could therefore be the small fish in this power struggle between India, China and Pakistan after the political feud in Maldives intensified ever since the transition of power took place under abnormal circumstances on 7 February 2012. #ConnectTheDots #GMR #Mohammed Nasheed #Male airport
GMR to hand over airport to Maldives tonight

Dec 07, 2012

GMR to hand over airport to Maldives tonight

A senior Indian government official said today that while the Singapore court's decision upholds Maldives' right to take back the airport from GMR, there is still no clarity on the status of the concession agreement. #ToWhatEffect #Maldives #GMR #Singapore court #Male airport