The Victoria Times (TVT) was launched as a non-affiliated political newspaper by Barry Laine.

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The Victoria Times (TVT) was launched as a non-affiliated political newspaper by Barry Laine.

Post  Sirop14 on Tue May 29, 2018 8:29 am


Le Seychellois
2 hrs ·
The mention in the case of the minority shareholders of the now defunct triweekly newspaper vs. the majority shareholders has been set for tomorrow.
The Victoria Times (TVT) was launched as a non-affiliated political newspaper by Barry Laine.
In his plaint, Laine alleges that the majority share holders took over the running of TVT from the founders and consequently caused the loss of the minority shareholders’ investments.
He averred that some of the minority shareholders were children whose parents purchased the shares as their future savings.
It appears that with the looming 2015 presidential election the majority shareholders succeeded in taking over the management of TVT and exploited the newspaper to give maximum publicity to the former president and his political party, Parti Lepep to the extent that no one wanted to buy TVT anymore and the newspaper had to close down due to lose of revenue.
The last edition of TVT was published on 22 February 2017.
There are ten defendants in the case being represented by six lawyers. Elvis Chetty is representing Basil Hoareau and George Thande ; Alexandra Madeliene (Sebastien Pillay, Mervyn Marie and Joel Henriette); Laura Valabhji (Lise Bastienne and James Michel); Frank Elizabeth (Jean Claude Michel and Daniel Belle; and Leslie Boniface (representing himself).
Joel Camille is representing Laine.
The case is listed as Lise Bastienne and Ors Versus Barry Laine and Ors will be heard by the Supreme Court Judge Melchior Vidot in Court No.9 at the Palais Justice, Ile Du Port.

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