360° Coverage : No corruption in Male airport deal, says watchdog

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No corruption in Male airport deal, says watchdog
Photo Credit: MICHAL CIZEK, Getty Images

No corruption in Male airport deal, says watchdog

Jun 18 2013, 6:30am CDT | by

Male, June 18 (IANS) The Maldives anti-corruption watchdog has ruled out any corruption in the deal to award the country's only operational international airport to Indian infrastructure giant GMR group, a media report said Tuesday.

Male, June 18 — The Maldives anti-corruption watchdog has ruled out any corruption in the deal to award the country's only operational international airport to Indian infrastructure giant GMR group...

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1 year ago

No corruption in Male airport deal, says watchdog

Jun 18 2013, 6:30am CDT | by

Male, June 18 (IANS) The Maldives anti-corruption watchdog has ruled out any corruption in the deal to award the country's only operational international airport to Indian infrastructure giant GMR group, a media report said Tuesday.

Male, June 18 — The Maldives anti-corruption watchdog has ruled out any corruption in the deal to award the country's only operational international airport to Indian infrastructure giant GMR group, a media report said Tuesday.

The $511 million project was abruptly cancelled by the Maldivian government in November 2012.

The Anti-Corruption Commission's 61-page investigation report into alleged corruption in the leasing of the Ibrahim Nasir International Airport to GMR by the previous administration declared that there was no corruption involved in the bid evaluation phase of the deal, Xinhua reported citing Haveeru online.

The report said GMR had offered the highest concession fee and scored the highest marks in the bid to develop and operate the airport for 25 years.

It said a concession agreement was signed between the government, GMR consortium and Maldives Airports Company Limited (MACL), which ruled out any grounds for corruption.

In November 2012, the Maldives government prematurely terminated the 25-year agreement with GMR to develop and operate the airport.

The MACL took over operations from GMR Dec 7, after the Singapore Supreme Court ruled that the Maldives government had the authority to expropriate the airport from GMR.

IANS

Source: IANS

 
Update
2

7 weeks ago

Is corruption always a bad thing?

Aug 28 2014 6:12pm CDT | Source: NEWS.com.au

WHEN you think of corruption, you think of envelopes with cash being exchanged for favours. But, maybe a little corruption can be good for the ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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