Saturday, March 6, 2021

Featured News

Former Maldives President Blames China For Land-Grab As State Policy; Links It With East India Company

Former Maldivian President Mohamed Nasheed has lambasted China and blamed the communist nation of grabbing more land than East India Company. China has been consistently accused by the Trump administration of land-grab via lucrative economic deals to poor, debt-ridden nations. 

India Checkmates China in Sri Lanka; Acquires Airport Next to Hambantota Port

Nasheed, speaking at Indian Ocean Conference in Male accused his previous government, under former President Abdulla Yameen, of putting the country in deep debt in collaboration with China.

“Get hold of a government, buy up a parliament, change the laws, get unsolicited contracts then inflate the price of the contract to the level due to which business plans failed here. Give commercial loans and then, off course, they will not be able to pay it back. When you can’t pay back, they ask for equity and with equity, you relinquish sovereignty, including the peace of the Indian Ocean. I am referring specifically to China,” Nasheed told ANI. 

Mohamed Nasheed served as the fourth President of the Maldives from 2008 to 2012 and was the archipelago’s first democratically elected president, ending three decades rule of Maumoon Abdul Gayoom.

Indian Airport In Bangladeshi Terrority: Delhi’s Strange Request To Dhaka

“In recent times there has been an amazing rush to land grab. Although land grabs are occurring worldwide, they are common where protection of human rights is poor. It has a combination of practice, international and domestic drivers the Maldives up until the recent presidential election in 2018 was a flourishing land grab paradise,” he added. 

“If I were to take this contract to commercial arbitration it will be the same as somebody in Kolkata taking the East India Company for arbitration,” the speaker added. 

No Indian Military Base in the Maldives But Delhi Installs Network of Radars To Monitor Chinese Activities

Nasheed emphasised that in order to attract more foreign investments in the Maldives, particularly in the case of China, it must undergo transparent tendering processes.  “It must have a democratic oversight and we must be able to benefit from these investments. It can’t be vanity,” Nasheed said. 

“During the last five years, a lot of money has been invested in the Maldives. They have been invested or spent on unviable inflated projects and most of these projects are funded by the Chinese EXIM Bank They do not have a business plan to it. The business plans failed here because prices were so high and then when they can’t pay the debt they ask for equity and in the process, we lose sovereignty,” he emphasised.

Featured News

Why Turkey Wants To Co-Develop Fighter Jets, Cruise Missiles With ‘Not So Tech-Savvy’ Pakistan?

Turkey is looking to forge a military partnership with Pakistan for the co-production of combat jets and missiles, which could eventually clear its path...

Why F-15EX Is A Better Option Than F-35 Stealth Jets For The Indian Air Force?

As the US is offering F-15EX jets to the Indian Air Force, many experts have suggested that that the Boeing F-15EX jets could be...

US Military Draws Up $27 Billion Plan To Counter China In The Indo-Pacific Region

The US military's Indo-Pacific Command has a sought a fund of $27.4 billion to build a network of precision-strike missiles to counter China's aggressive...

As India’s Drone Industry Takes Wing, Turkey Emerges As A ‘UAV Superpower’

At a time when India has started investing in military drone technology, Turkey has taken another leap forward by designing its first artificial intelligence...

Indian Army Provides Combat Training To Turkmenistan Special Forces: Watch Now

The Special Forces of Turkmenistan began a joint combat training exercise with the Indian Army at Nahan, Himachal Pradesh, on Thursday. The Indian Army...