Sakshi accounts freed

IN Media Watch Briefs | 23/05/2012

In a major relief to the Sakshi media group, the Andhra Pradesh High Court, on Wednesday, ordered the accounts of publishers of Sakshi daily and broadcaster of Sakshi TV be de-frozen with immediate effect. However the court has directed the companies to ensure that there is no transaction of assets and all the payments be made through cheques only. The companies have also been ordered to inform the CBI, which is investigating the alleged disproportionate assets of the promoter of the Sakshi Group, Jaganmohan Reddy, in case of any financial transactions.

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