Former President, Maumoon Abdul Gayyoom 27 June 2010. Corruption is rife in Male International Airport privatisation process, according to the Dhivehi Rayyithunge Party (DRP), the Peoples Alliance (PA), the Dhivehi Qaumee Party (DQP) and the Jumhooree Party (JP). The opposition parties have signed an agreement to work against the privatisation process. The president of DQP, Dr. Hassan Saeed and the president of People’s Alliance, Abdulla Yameen said that the government’s haste in the bidding process, at a time when there is a bill pending in the Majlis which would regularise the process of selling public assets, is troubling and a case would be lodged with the anti-corruption commission. President Nasheed has said that with privatisation, “the government will be able to save over US$300 million in investments.” The government had launched the airport tender process in October 2009. The President said the International Financial Corporation, a member of the World Bank Group, worked with the government throughout the process, and he was “confident the tender process was transparent and ensured there was no room for...Read More
Maldives Airport 25 June 2010. Indian company GMR Infrastructure has said it is confident it will win the bid for Male’ International Airport, after offering US$78 million (Rf1 billion) upfront. “Considering the offers, we will get the highest marks. We will make the payments and take over the operations of the airport in March,” newspaper Haveeru reported one official as saying. Finance Minister Ali Hashim disclosed the bids at a function today. Bids at a glance: GMR-KLIA: US$78 million upfront and one percent of the total profit in the first year (until 2014), and 10 percent of the profit from 2015 to 2035. GMR would also pay 15 percent of fuel trade revenues to the government in the first four years and 27 percent from 2015 to 2035. Turkish TAV Airports Holdings Company and French Airports De Paris: US$7 million (RF89.95 million) upfront payment, with 31 percent of the total profit until 2014 and 29.5 percent from 2015 to 2035. The consortium offered 16.5 percent of the profits from fuel trade. Swiss Flughafen Zurich AG and GVK Airport Developers offered US$27 million (Rf346.95 million), along with 27 percent of the total profit in the first four years and nine percent of the profit from 2015 to 2035. The consortium said it would pay nine percent of fuel revenues to the government. The Jumhoory Party (JP), led by Gasim ‘Buruma’...Read More
Former President, Maumoon Abdul Gayyoom 25 June 2010. Former President, Maumoon Abdul Gayyoom has lodged a defamation case against the managing editor of Miadhu Daily, Abdul Latheef, after the news company reported a New York Times article alleging corruption during Gayyoom’s 30 year regime. Gayyoom wishes to receive financial compensation for defamation of his character, reports Miadhu Daily. Miadhu Daily claims it has not published any information not included in the New York Times article, and the Miadhu report referenced the original report. Miadhu Daily says it views the New York Times as an international media news source, which it used because the information was relevant to the Maldives. Miadhu Daily reports that Waheed said Gayyoom’s legal team is investigating if the former president can take legal action against Gayyoom’s former cabinet minister, Ahmed Abdulla, who is CEO of Miadhu Daily, and the team is also preparing a case against the New York Times. The New York Times article said the current Maldivian government is working to reclaim US$ 400 million allegedly stolen from public coffers during Gayyoom’s administration. The former president has also lodged a defamation case against Ali Hashim, the current finance minister, after he was quoted in the New York Times report saying that if the allegedly looted money could be reclaimed, the current government would not need the foreign aid it is seeking...Read More
Male’ International Airport 24 June 2010. Indian company GMR Infrastructure has said it is confident it will win the bid for Male’ International Airport, after offering US$78 million (Rf1 billion) upfront. “Considering the offers, we will get the highest marks. We will make the payments and take over the operations of the airport in March,” newspaper Haveeru reported one official as saying. Finance Minister Ali Hashim disclosed the bids at a function today. Bids at a glance: • GMR-KLIA: US$78 million upfront and one percent of the total profit in the first year (until 2014), and 10 percent of...Read More
Ismail Abdul Hameed 23 June 2010. MP for Kaashidhoo is to be summoned to Court over a corruption case involving a vessel he purchased while working at Male Municipality during the previous administration. The court has ruled that the case of the State against Ismail Abdul Hameed, MP for Kaashidhoo, can be heard. The ruling was made in response to a procedural motion by his lawyers that the case cannot be tried. The judge also asked Ismail Abdul Hameed to be present for the next hearing. Hameed was previously a DRP member at the time of the alleged crime, and then joined the MDP, but he is now an independent...Read More
- Malaysia: Election results is a lesson on corruption.
16 May 2018 For the first time in 60 years, Malaysia’s ruling coalition, Barisan Nasional (BN), lost power in a general election. Mahathir who institutionalized […]
- Global: Will blockchain technology help in combating corruption?
12 January 2018 A blockchain, is simply a collection of records, called blocks, like records in a database table, or entries in a ledger. A […]
- Saudi Arabia: Crackdown on corruption or consolidation of power?
Update 27 December 2017 The Saudi prosecutors have released 23 more people from detention in the Ritz-Carlton hotel. Okaz newspaper reported that they had reached […]
- Brazil: Ex-Presidents da Silva and Rousseff charged of corruption
7 September 2017 Brazil’s former president Luiz Inacio Lula da Silva has just completed his 25-city campaign trip through his party’s strongholds in the northeast. […]
- Is there corruption in pharmaceutical industry?
16 January 2017 The picture above shows Victoria Hale who founded the first nonprofit pharmaceutical company, The Institute for OneWorld Health, in San Francisco, California […]
- Singapore: Lee Kuan Yew’s fight against corruption
31 March 2015 Lee Kuan Yew is no more. He will be remembered by many for many reasons. Today corruption.net is looking at why he […]
Most Shared Posts
- 28 September 2016 Ms. Carrie Tolstedt was the head of the retail banki
- 7 February 2017 Francisco Jose Villa Jr. (shown in the picture above),
- 18 April 2017 South Korean prosecutors, on Monday, charged the chairma
- 6 February 2018 Samsung chief, Lee Jae-yong, was freed by appeal court
- 10 May 2018 Vinay Bansal, son of Arvind Kejriwal’s deceased brot
- 19 September 2018 This Sunday Maldivians will vote for a president. Pr
- 2 November 2015 One or more of the seven presidential candidates as we
- 17 November 2016 Vladimir Putin has dismissed a high ranking Economic
- 14 February 2017 The Supreme Court of India convicted V K Sasikala in