Nexbis moves to quell Maldives rumours

Nexbis moves to quell Maldives rumours

Nexbis (ASX:NBS) has revealed it has not received official notice from the Maldives government over its border security project, despite repeated claims in the local media that the project as been suspended.

The telecom product and services provider acknowledged reports that the Maldives Immigration Department has been told to put the project on hold while allegations of corruption are investigated. But it said it had received no such word.

The deal has been in doubt since November, and Nexbis has been denying the rumours for as long. NBS shares stayed flat on Thursday at $0.093.

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Tags NexBismarket rumourASX:NBS

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