Indian investors concerned about government’s political interference: Business Standard
01 Nov 2012, 6:43 PM
Indian companies operating in the Maldives are expressing concerns over political interference they claim is derailing their substantial investments in the country, reports India’s Business Standard publication.
Officials involved in the Apex Realty housing development project – a joint venture between developers SG18 and Indian super-conglomerate TATA – told the Standard that the government was attempting to take over the site in Male’ given to the company, with the intention of building a new Supreme Court.
After being elected in 2008, former President Mohamed Nasheed moved the Supreme Court into the opulent palace of his predecessor, Maumoon Abdul Gayoom, opting for the less lavish building of Muleaage as the Presidential residence.
“A recent meeting held with the Maldivian Housing Minister is said to have ended abruptly with officials from the firm and the Indian High Commission being asked to leave,” the Standard reported.
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