The Maldives Civil Court has ordered Public Service Media (PSM) to pay MVR 9.3 million as compensation to MediaNet.
MediaNet filed a lawsuit with the court seeking to claim an outstanding MVR 5 million for services it provided to PSM, with an additional MVR 4.2 million in interest.
While the state broadcaster agreed to settle the outstanding amount, PSM argued it was not required to pay the interest. The court, however, ruled in MediaNet’s favour.
The Civil Court ordered PSM to pay the amount within one month, effective from the date of the ruling, on Wednesday, January 18.
PSM has come under fire for outstanding or long-overdue payments to multiple companies it has conducted business with, including State Electric Company (STELCO).
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