MBC rightful to take legal action to procure its assets
| DATE: 2010-07-31 | PRINT | Share
A press release signed by company Chairperson Ibrahim Umar Manik said the company would not be responsible for the losses faced by any company involved in such a transaction.
The press release cites articles 42, 43, 44 and 45 of Maldives Broadcasting Corporation Act which stipulate that assets, employees, and land used by state media organisations, including Television Maldives (TVM), Youth TV, Voice of Maldives (VOM) and Raajje FM belong to the company.
Maldives National Broadcasting Corporation (MNBC) which currently manages state media organisations decided to sell 40 percent of shares to island councils and 20 percent to the public.
| DATE: 2010-07-31 | PRINT | Share
MALE, July 31, 2010 (HNS) – Maldives Broadcasting Corporation (MBC) has the right to take legal action against any party that sell, lease, or give its assets against the law, the company said Thursday.
A press release signed by company Chairperson Ibrahim Umar Manik said the company would not be responsible for the losses faced by any company involved in such a transaction.
The press release cites articles 42, 43, 44 and 45 of Maldives Broadcasting Corporation Act which stipulate that assets, employees, and land used by state media organisations, including Television Maldives (TVM), Youth TV, Voice of Maldives (VOM) and Raajje FM belong to the company.
Maldives National Broadcasting Corporation (MNBC) which currently manages state media organisations decided to sell 40 percent of shares to island councils and 20 percent to the public.
On Local
Fraud case against Deputy Speaker Nazim postponed until November- MP Musthafa seeks Rf245 million from state over turtle shell shipment
- Man arrested in Hithadhoo with 26 packets of alleged drugs
- 2 alleged drug lords arrested in Fuvahmulah
- 5-year-old injured after falling off first floor
- ACC against awarding medical consumables importing to unlicensed company
- Sri Lankan’s arm amputated after crushing in concrete machine
- Island Aviation records Rf45 million profit in 2009
- Registered poor in Male quadruples
- Private company sues JSC for not accepting complaint