Amount proposed by GMR for out-of-court settlement too big, says president
14 Apr 2014, 6:38 PM
Ahmed Rilwan
President Abdulla Yameen has said that the compensation proposed by GMR for an out-of-court settlement is too big and the government does not believe that it has to be paid.
“GMR is seeking a very big compensation. We, the government, do not believe that we can pay such an amount, or that it is necessary to pay it. So now we are facing [the issue of] unmatching numbers,” Yameen was quoted as saying in local media.
Yameen suggested that the large compensation being sought is the reason the parties have failed to reach an out-of-court settlement.
Both sides are now awaiting the conclusion of the arbitration, revealed Yameen, and further discussions will continue afterwards if it is necessary. He did not reveal the amount proposed for an early settlement.
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