Reliance Group complains to court about media reports

October 10th, 2011 - 11:32 pm ICT by IANS  

New Delhi, Oct 10 (IANS) The Supreme Court Monday was told that media reports based on status reports submitted by the Central Bureau of Investigation (CBI) on its probe into the 2G case that three Reliance Group officials would turn approver had hit the fortunes of the company in the stock market.

The apex court bench of Justice G.S. Singhvi and Justice Asok Kumar Ganguly was told that because of the media reports based on the court’s proceedings, the Reliance Communications shares dipped by 12.5 percent in the stock market which had hurt lakhs of its shareholders.

Senior counsel Mukul Rohtagi appearing for Reliance Communication said, “I am Reliance Communication. They (three officials) never said that they will become approvers.”

“No one has turned approver,” the court was told.

He said that all this happened when his client was not a party in the case.

As Rohtagi said this, the court said that “they (CBI) never said that they will become approver.”

Senior counsel K.K. Venugopal appearing for the investigating agency too said that “I have never said that they (three Reliance Group officials) will become approver.”

The three officials are Reliance Group managing director Gautam Doshi, group president Surendra Pipara and senior vice president Hari Nayar. They are currently in judicial custody for alleged involvement in 2G scam.

Rohtagi was referring to Sep 29 media reports on the day’s proceedings in the apex court.

Rohtagi submitted to the court that it has been told by the court that media would only report the orders of the court and not what transpired between the bench and the lawyers.

The court was told that the status report filed by the CBI should only be read by the court and investigating agency’s counsel should not read extracts from it.

When the court said that Venugopal only refers to certain paras of the status report, Rohtagi said that from it the media is able to draw its conclusion and make additions, substraction or add spice to its reports.

Describing the case being heard by the court as “peculiar”, Rohtagi said that it was “very difficult to stop media” but the reputation of the company had been dented and “we are damned”. He told the court, “I am really suffering.”

The court told the senior counsel that there were remedies available and he could take recourse to them. At this, Rohtagi said that he would move an application.

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