Wednesday, December 02, 2020

Megawide denies violating anti-dummy law in teaming up with Indian firm GMR

Megawide Construction Corp.  on Wednesday denied allegations it violated the anti-dummy law when it teamed up with GMR Infrastructure Limited of India for the operation of Mactan Cebu International Airport.

“GMR Megawide Cebu Airport Corp. denies all of the allegations … and it will vigorously defend itself and exercise all legal remedies to protect it from this contemptible action,” Megawide said in a statement.

“As of writing, GMCAC has not received any correspondence from the Department of Justice regarding the alleged complaint,” it said. 

Megawide issued the statement after a website reported that its chairman Edgar Saavedra was facing charges before the Department of Justice for allegedly violating foreign equity restrictions.  

“GMCAC is proud of its performance and its business success as the airport operator of the Mactan-Cebu International Airport.  Such malicious publicity does a disservice to Filipino airline passengers and to the many men and women who make GMCAC an outstanding company,” Megawide said. 

“We, together with GMR, upon official receipt of correspondences, will answer such allegations, and we are confident that these will not prosper in court,” it said.

Megawide said it strictly adhered to pertinent laws, rules and regulations, including those relating to government bids.

02/12/20 Darwin G. Amojelar/Manila

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