Donated money to Tehelka, no shares involved: Kapil Sibal

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Sibal distances himself from Tejpal
New Delhi, Nov 28: In a bid to distance himself from the Tehelka family, law minister Kapil Sibal in a press conference clarified that he had just donated some money to Tehelka during "bad times" and "do not own any shares".

Quite contrary to his statements, a detailed report by Anant Media Private Limited on September 29, 2012, as cited by shows that Sibal was allotted 80 shares, which accounted for 0.04% of the total shares of the company.

One of the other well-known faces, apart from other prominent corporates, who backed the organization financially was suspended BJP MP Ram Jethmalani.

Negating reports in various social media sites that show Tejpal as the son of his sister, Kapil Sibal said,"I have only one sister, Asha Nanda, and she lives in Maharani Bagh."

He also attacked Sushma Swaraj's tangential hint at him for having close relations with the organization, saying,"What if I were to say, remember that image of the leader of the opposition with her head on shielding the Reddy brothers. But this is not the kind of political discourse we want."

In the wake of one of the top authorities-Shoma Chaudhury-stepping down from her post, question arises as to who would own the company now.

The company is controlled by KD Singh, a Rajya Sabha member from the Trinamool Congress who also owns the Alchemist group. He owned 65.57% of the shares, according to the 2012 filing. However, on Tuesday he said that the stake ownership has been taken down to 35%.

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