Ary News goes bankrupt

09:32 PM | 13 Jan, 2017
Ary News goes bankrupt
LONDON - ARY Network has confirmed that its UK chief operating officer Fayyaz Ghaffur has applied for 'voluntary bankruptcy' after losing a £3 million case to the owner of GEO and Jang.

ARY has also shut down its London office after losing a libel case to GEO.

According to the court verdict, Mir Shakil-ur-Rahman, the Group Chief Executive and Editor in Chief of the Jang group of media conglomerates had been awarded £185,000 in libel damages by London’s High Court in respect of 24 libellous programmes broadcast by the Defendants, rival media company ARY Network Limited and its COO, Fayaz Ghafoor.