Supreme Court has ruled today (3 March 2024) to uphold Civil Court's 2014 verdict that Abdulla Farooq Hassan and Ibrahim Rasheed Moosa do not hold any shares in 'Haveeru' News and Loamaafaanu Print, and that no part of its profits need to be given to these two individuals, and has revoked the earlier High Court ruling in the case.
The case was initially submitted by Rasheed Moosa and Farooq claiming that the longest running newspaper 'Haveeru and publishing house and related businesses were being run under the company 'Haveeru News Agency', established under an agreement made on March 31, 1983 in which 'Haveeru' Chairman Dr Mohamed Zahir Hussain, Ibrahim Rasheed Moosa, Abdulla Farooq and Mohamed Naeem are equal shareholders. The case claimed that as per this agreement, the property and profits of 'Haveeru' must be equally distributed amongst the four. READ MORE FROM THE EDITION
No comments:
Post a Comment