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Baku / 16.06.20 / Turan: On June 16, the Baku Commercial Court upheld the claim of the Satellite Communications Software Ministry of Communications against Lider TV and Radio-Azərbaycan LLC, declaring the television company bankrupt.
The court appointed Mikyail Abbasov, Technical Director of Television and Radio Production Association, as the administrator of the company's property.
Lider TV has been broadcasting since 2000. The owner of the company is Adalyat Aliyev, the cousin of Azerbaijan’s President Ilham Aliyev.
In recent years, the company has had serious financial difficulties and there has ceased to pay salaries not only to employees. In addition, the company was unable to pay the Ministry of Communications for terrestrial and satellite broadcasting, owing large sums of debt.
The reasons for bankruptcy are not reported, but all the country's television companies are financially dependent on the executive branch and have long since lost not only financial, but also creative independence. –06D-
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