Singapore verdict justifies government to nationalise anything: former President Nasheed
09 Dec 2012, 7:48 PM
Luke Powell
Former President Mohamed Nasheed has claimed that the recent verdict by the Supreme Court of Singapore allowing the government to annul a development contract with infrastructure group GMR “justifies” the Maldivian government to “nationalise anything”.
Nasheed’s comments follow the handing over of Ibrahim Nasir International Airport (INIA) from GMR to the state-owned Maldives Airports Company Limited (MACL), after the Maldivian government voided the concession agreement.
Nasheed told Minivan News that the annulment was “very unfortunate” and highlighted that the government had “not only expelled the biggest foreign investment in the Maldives’ history”, but also created a “precedent” whereby nationalisation is acceptable.
“[The government] has created an avenue, or rather the verdict they got from Singapore Court, apparently justifies the government nationalising anything,” Nasheed added.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
