People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)


Vol. XXX

No. 41

October 08, 2006

Prevent Surreptitious

Takeover Of UNI

 

The Polit Bureau of the Communist Party of India (Marxist) issued the following statement on September 28, 2006

 

THE UNI board has inducted the Zee group chairman and his associates into the board. The Zee group is thus poised to takeover the UNI.

 

This has been done despite the widespread apprehensions that a news agency which was set up as a Section 25 company should not come under the control of any single business house. There are grounds to believe that this transaction is inimical to the future of the UNI as a news agency and for its role as a premier news agency.

 

The government of India has the power to regulate the affairs of the company under the law. The CPI(M) urges upon the government to intervene in the matter to prevent the surreptitious change in the management in which most of the other shareholders have not been taken into confidence.