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GMR seeks over $800 mn; Maldives insists on forensic audit

The Maldivian government, however, debunked the calculations and insisted on getting a forensic audit done through an international firm.

Maldives groups should not misuse GMR issue: Khurshid

The Maldives government's scrapping a USD 500 million deal with Indian construction major GMR is "is an issue essentially legal in nature", Khurshid told reporters.

MACL back at helm at Maldives airport

The Maldives Airport Company Limited took over operations from GMR, which was awarded a USD 511-million contract in 2010 by the previous Nasheed government to build and operate the Ibrahim Nasir International Airport for 25 years.

MACL takes over airport operations from GMR

There would be three-week transition period during which GMR and state-run MACL will work together.

GMR starts Male Airport handover

After over a week-long legal battle, Indian infrastructure major GMR will hand over the operations of the Male International Airport to Maldives's state-run MACL midnight tonight with the expiry of the deadline for the same.

We have not asked for funds under standby credit facility: Male

Amid reports that India has stopped funds to Maldives over unilateral decision to terminate GMR contract, Maldivian government Friday said it has so far not asked for further release of funds under standby credit facility of USD 100 million extended by New Delhi.

Do not rule out role of foreign hand in Male crisis: GMR

"I can't say that for sure. But, looking at the political situation and political framework in Maldives, I can't rule out anything," GMR Airports CFO Sidharth Kapur told reporters here.

India's stern message to Maldives on GMR issue

In response to a question on the GMR issue, the official Spokesperson of the Ministry of External Affairs also said "we are concerned over reports from the Maldives about continuing violence and intimidation against elected representatives and expressions of radical sentiments".

Industry wants govt to use diplomatic channel in GMR case

It said the attitude of Male government, despite the rulings of Singapore High Court, will shake the confidence of the investors and will jeopardise the spirit behind the cooperation of the SAARC nations.

Maldives to go ahead with takeover of GMR airport project

However, the Indian infrastructure major has denied that any deal for handing over the airport project has been worked out with Maldives.

Maldivian Foreign Minister speaks to Khurshid on GMR project

In a telephonic call to Khurshid, Abdullah said he was not aware of India's displeasure over the issue, sources said here.

GMR to take all 'legal remedies' to protect Male contract

Stating that GMR Infrastructure has not invested in Maldives "to be compensated", the company has said it will take all "legal remedies" to protect its USD 511 million airport contract in the island nation.

GMR row: India freezes aid to Maldives, ties under stress

In a move to put pressure on Male, India has frozen aid to the Maldives as its government Monday decided to take control of the international airport despite a Singapore court staying the suspension of the contract given to India's GMR-led consortium.

Maldives airport row: GMR employees' visas to be cancelled

The work permits and visas of GMR employees will be cancelled within seven days after the Indian infrastructure giant was ordered by the Maldives government to hand over the Male airport, a media report said Thursday.