“The forceful takeover of the airport by Maldives government amounts to repudiation of a valid contract and therefore damages, including loss of future profit has to paid. Thus, GMR’s claim is $1.4 billion,” Indian media reported the Bangalore-based infrastructure giant as saying in a statement on Friday.
Naseer announces 2023 presidential bid, pledges support to re elect President Yameen in 2018. “I am not a political threat to President Yameen,” he said.
Opposition MP Abdulla Jabir is in Malaysia seeking medical treatment. He was hospitalized for respiratory difficulties in early April.
In his keynote address at the event, President Yameen said his administration was “cognisant of the needs of our investors and the requirements to strengthen and redefine the legal and regulatory environment governing foreign investments.”
Among the questionable expenses were MVR1.8 million spent on trips by President Nasheed to 88 islands ahead of the local council elections, MVR904,855 for Vice President Waheed’s stopover in Singapore after attending a symposium in Italy, and MVR139,676 spent on a trip to check progress on the editing of ‘The Island President’ documentary.
The president has today said the government was sure it would have to pay compensation for cancelling the agreement made with the Indian infrastructure giant, though he was working to try and reduce the amount payable.
“The last 3 years there has been a lot of turmoil, but now is the ideal time to invest and talk about business,” suggests Ishmael Asif, Vice President of the Maldives National Chamber of Commerce and Industries ahead of this Friday’s landmark investment forum in Singapore.
Following the current government’s reversal of his administration’s policy on customs levies, the former president suggested that sustainable economies cannot rely on regressive taxation.
In all 13 cases, the High Court ruled that there were no grounds to annul the results and order the Elections Commission to conduct a revote as the evidence submitted was not sufficient to prove electoral fraud.