Maldives President Mohammed Waheed on November 15 termed the controversial GMR airport project as a bad contract and said it was signed 'conceivably under dubious conditions' by his predecessor Mohammed Nasheed.
He also reacted strongly to India's concerns about developments in his country saying there is no reason to be concerned, since the country is fully functional and operational.
The President told a leading news agency in Male that Nasheed's signing of the contract against the wishes of the parliament shows the latter's irresponsible attitude. The demand to reclaim the airport is stemming from the fact that the agreement was not a responsible business agreement where both parties benefit.
This agreement was signed during the previous government conceivably under dubious conditions. So it's not an issue with GMR, it's an issue of a bad contract, the President said.