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GMR seeks $1.4 billion in damages from Maldives

Last Updated: Friday, June 21, 2013, 15:47

The claim was today filed before an Arbitration Court here and a final order in the matter is likely to come out by end of March next year.

No corruption in Male airport deal, says watchdog

Last Updated: Tuesday, June 18, 2013, 18:14

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

India enforces freeze on aid to Maldives: Report

Last Updated: Friday, December 07, 2012, 13:12

Amid the raging diplomatic row over the unilateral cancellation of the GMR contract, India has put on hold a Rs 250 crore loan to Maldives.

Assocham seeks govt intervention against GMR proj termination

Last Updated: Friday, November 30, 2012, 22:21

The move violates the spirit of International Concession Agreement which was signed after biding global tender by the GMR Group, the chamber said.

Indians at GMR get threatening text messages in Male

Last Updated: Friday, November 30, 2012, 18:34

Meanwhile, Waheed's special advisor Dr. Hassan Saeed, who is tipped to be Waheed's running mate in the 2013 Presidential elections, said that the GMR termination decision was a patriotic move.

Maldives move to terminate contract unlawful: GMR

Last Updated: Tuesday, November 27, 2012, 23:41

GMR Group Tuesday said the Maldivian government's decision to scrap the airport development contract awarded to it as "irrational and unlawful".

Maldives issues notice to GMR for terminating airport contract

Last Updated: Tuesday, November 27, 2012, 21:43

Maldives Tuesday said its cabinet has recommended termination of a contract given to GMR Group for developing Male Airport, a project awarded to the Indian group during the previous regime of island nation.

Maldives scraps GMR-Male Airport contract; India slams it

Last Updated: Tuesday, November 27, 2012, 21:41

The USD 500-million project was hanging in balance ever since the regime change in Maldives earlier this year. The GMR group had won the contract during the regime of former President Mohamed Nasheed.

Talk of reclaiming airport from GMR will be damaging: Nasheed

Last Updated: Monday, November 05, 2012, 18:49

Batting strongly against pro-government parties' efforts to reclaim Male International Airport from Indian firm GMR, former President Mohamed Nasheed said the move would cause "irrevocable" damage to the country.