Ministry of Home Affairs has finally decided to deny security clearance to Sun TV Network.
The issue was shifting from different ministries but MHA has clarified that there will be no security clearance to the network. According to media report,
The ministry cited the reason, “Several rules had been violated by the owners.”
Media reports also suggests that senior home ministry officials have said that the stand is clear on Sun TV case and there is no provision under the law for issuing security clearance to the channel and it also doesn’t matter if different opinions were being held.
Taking a lesson from the Sun TV issue the government has also decided to change some norms for granting license to the television operators. In order to get license from the government the channel needs to give a self declaration saying that there are no cases such as criminal, money laundering, links with terror groups, and major financial fraud cases pending against them.
It can be recall that the denial of the security clearance by the MHA is on the basis of three cases of corruption and criminal activities which are lodged on the promoters i.e. the Maran brothers. However, the MIB had asked the MHA to review its decision and had also asked for further clarification on the denial of security clearance. The MIB also sought out the legal counsel of the AG after the MHA had stood by its decision. The only option now for the network would be to approach the court to seek for relief on the issue. If the decision by the PMO on June 25 is favouring the MHA’s decision we could once more see a drop. However, if the network does receive a positive decision from the court in the near future the stock could see a rebound.