1 Updates
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,...

Filed under: news

Full Story below YouTube Videos

 
 

 

44 weeks 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

 

Don't miss ...

 

<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.

 

blog comments powered by Disqus

Latest stories

Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Department of Energy Program Administered Through the Electric Power Research Institute to Apply Over 120 Odyne Plug-In Hybrid Systems to Trucks Throughout North America
 
 
Cleared Of Fraud Against SMEs, RBS Eases Rules For Distressed Businesses
Last week, The Royal Bank of Scotland Group was cleared by law firm Clifford Chance over allegations that the U.K.-based banking group deliberately put failing small and medium enterprise customers out of business to...
 
 
Cost Savings Are Allowing Colgate To Invest Back In Building Brands And Products
In the past several quarters, balancing the business mix between developed and emerging markets has helped Colgate-Palmolive to achieve above market growth and experience only a moderate impact on net sales from...
 
 
Shift In Agricultural Sales Timing, Lower Chemical Prices Weigh On DuPont's Earnings Growth
DuPont reported modest earnings growth for the first quarter due to lower agricultural sales volume and continuing pricing pressures in the chemicals segment. The company’s adjusted diluted earnings per share of $1.58...
 
 
 

Latest from the Network

Apple's Sales Figures Prove A Sad Fact: There's Still No PC As Desirable As A Mac
Mac sales make up just a tenth of Apple's revenue, but they’ve received a significant amount of attention following the company’s quarterly report yesterday, both from analysts and from the CEO Tim Cook himself. Cook’s...
Read more on Apple Balla
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
Read more on Apple Balla
 
Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Waukesha, WI, April 24, 2014 --(PR.com)-- Odyne Systems of Waukesha and Inland Power Group of Butler, Wisconsin have teamed up to deliver on a $45.4 million contract from the Department of Energy, administered through...
Read more on Politics Balla
 
Odyne Systems, LLC Partners with Allison Transmission’s Midwest Distributor, Inland Power, to Deliver on $45.4 Million Contract
Waukesha, WI, April 24, 2014 --(PR.com)-- Odyne Systems of Waukesha and Inland Power Group of Butler, Wisconsin have teamed up to deliver on a $45.4 million contract from the Department of Energy, administered through...
Read more on Business Balla
 
Cleared Of Fraud Against SMEs, RBS Eases Rules For Distressed Businesses
Last week, The Royal Bank of Scotland Group was cleared by law firm Clifford Chance over allegations that the U.K.-based banking group deliberately put failing small and medium enterprise customers out of business to...
Read more on Business Balla
 
Cost Savings Are Allowing Colgate To Invest Back In Building Brands And Products
In the past several quarters, balancing the business mix between developed and emerging markets has helped Colgate-Palmolive to achieve above market growth and experience only a moderate impact on net sales from...
Read more on Business Balla
 
Shift In Agricultural Sales Timing, Lower Chemical Prices Weigh On DuPont's Earnings Growth
DuPont reported modest earnings growth for the first quarter due to lower agricultural sales volume and continuing pricing pressures in the chemicals segment. The company’s adjusted diluted earnings per share of $1.58...
Read more on Business Balla
 
Google's Glass Explorer Program Was A Social Experiment That Backfired
Google Glass was launched without any clear explanation of what it was supposed to be used for. When promotional videos started to show people going about their daily routine, it quickly became clear that what we were...
Read more on Business Balla
 
America's 100 Best Corporate Citizens in 2014
America’s 10 Best Corporate Citizens In 2014 In December Bristol-Myers Squibb joined the Medicines Patent Pool, an international organization in Geneva, Switzerland, that makes drugs available at low cost to people...
Read more on Business Balla
 
Talent Knows No Limits
Last month I had the pleasure of attending Cirque Du Soleil’s Michael Jackson tribute The Immortal World Tour. To say the performance was out of this world would be an understatement. If you’ve ever seen a Cirque show...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla