GMR shares fall

The shares of GMR have gone down despite the report by the Anti-Corruption Commission (ACC) stating that there was no corruption involved in the bidding process of leasing Ibrahim Nasir International Airport (INIA) to the company.

India’s The Economic Times said that the share value “touched a high of Rs 20.55 and a low of Rs 19.95 in trade today.”

GMR was forced to hand over INIA to the Maldives government following corruption allegations last year.

ACC said in a report issued yesterday that there was no corruption involved in the bidding process of leasing INIA to GMR Consortium. ACC however did not say that there was no corruption involved in the full process.