Court splits Haveeru ownership
The High Court ruling clears the way for three founding members of Haveeru News Agency to sue its current owner, Dr Zahir Hussain, for a share of the newspaper’s profits for the past 35 years.
26 Aug 2015, 9:00 AM
The High Court has ruled that the Maldives’ oldest newspaper Haveeru is not the sole property of its owner Dr Mohamed Zahir Hussain, who has managed the local daily for more than 32 years.
In an unexpected verdict delivered yesterday, the appellate court ruled that Abdulla Farooq Hassan, Ibrahim Rasheed Moosa and Mohamed Naeem have an equal share in Haveeru as the four are founding members of the Haveeru News Agency, a body founded in 1983 to operate the daily newspaper.
Zahir’s lawyers, however, say the Haveeru News Agency was set up to disseminate news and operate the daily, but had no claim to the newspaper’s assets and printing press.
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