Maldives Government

GMR Group today said it has won an international arbitration against the Maldives government and has been awarded USD 270 million as compensation from the island nation after its contract to build an international airport in Male was arbitrary cancelled.

Maldives issues arrest warrant for ex-president Nasheed

Nasheed, the Maldives' first democratically-elected leader, recently won political asylum in Britain after being granted permission to travel there for treatment while serving a 13-year sentence for a terror-related offence.

No 'sure evidence' Maldives boat blast caused by bomb: FBI

The US Federal Bureau of Investigation (FBI) said it has found no conclusive evidence that an explosion on a boat transporting Maldives President Abdulla Yameen was caused by a bomb.

If managed well, Male Airport can make money: Masood Imad

Masood Imad, media secretary at President's Office Male confirmed that it was not an interim order but in fact a ‘fait accompli‘ issued by the Surpeme Court of Singapore. “There is no other court of appeal on this issue." he further added.

Maldives hails S'pore HC ruling, says GMR staff can stay on

The Maldives government has been granted a stay order on the earlier High Court order that had been granted to GMR Infra regarding the Male airport controversy.

Ending airport contract will hit Maldivians hard: GMR

GMR Infra, which is on the verge of fighting a legal battle with Maldives government over the termination of Male Airport project, said that it won the project in the most transparent manner in 2010.

Axis Bank sends legal notice to Maldives govt; GMR Infra up

Axis Bank has sent legal notice to Maldives government to recover USD 350 million loan given to GMR Infrastructure for building Male airport, reports The Economic Times. At 09:23 hrs GMR Infrastructure was quoting at Rs 18.85, up Rs 0.20, or 1.07%.

GMR Infra exploring legal options against Maldives govt

GMR Infrastructure is exploring legal options against Maldives Government for terminating its USD 500-million airport development contract for running the Male airport.

Will GMR exit Male Airport after Maldives cancels contract

GMR Infra is contemplating a legal action against the Maldives government after it terminated a 25-year contract to develop Male Airport. This was the second international project which GMR had undertaken after Sabiha Gokcen airport in Istanbul.