New Delhi :In a significant development, the government
today ruled out withdrawal of its charges against Tehelka news
portal and submitted before the Venkataswami Commission documents
including a Securities and Exchange Board of India (SEBI) report
in support of its allegations.
During a hearing, Attorney General Soli Sorabjee, representing the
government, said it was not going to withdraw the charges, and
instead was submitting the documents along with an additional
affidavit in support of them.The documents were submitted
following a direction from the Commission that either the
government withdraw the charges or produce relevant documents in
support of them.
Government had alleged that "economic benefits" were the
motives behind the sting operation and that the news portal had
indulged in "massive scale of operations" in the share
market before the arms deal exposé leading to its crash.The other
documents include a copy of report regarding the taxability of the
alleged share premium in Buffalo Network (owner of Tehelka.com),
copy of the appraisal report (except the portion relating to
specific suggestions for further follow-up enquiry and
investigation) prepared in pursuant to the search carried out on
the offices and residential premises of First Global, also accused
of getting benefits of these economic deals.
The Commission also upheld Government's request for in-camera
hearing for 'Hand Held Thermal Images' (HHTI). The government had
sought claim of privilege citing reasons of national security and
public interest as grounds for doing so.The demand for in-camera
proceedings for 'HHTI' was contested by Commission's counsel Gopal
Subramaniam saying the sensitive details of the deal could be held
in-camera with rest of the proceedings of the transaction in
public.
Subramaniam also submitted that the HHTI transaction was closely
linked with 'Westend', which the Commission has decided to examine
as a separate transaction altogether.However, expressing serious
concerns of public interest and national security, Sorabjee said
if the HHTI proceedings were held in-public, the witness, expected
to appear for oral examination will not be able to reveal the
facts completely due to "sensitivity" of some matters.
The Commission after hearing both Sorabjee and Subramaniam decided
to go ahead with in-camera proceedings for HHTI, which began after
the public hearing today.The Commission will also examine the
government's reply to its three interrogatories on 'Simulators',
'Image intensifying Tubes' and 'Carl Gustav Rocket Launchers'.The
Commission was also asked to consider issuance of notice to
cross-examine Shanker Sharma, owner of First Global, by the
government. The Commission will take a decision on the matter
tomorrow.