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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
