The court held that Raja's deposition matched with the official record and appeared to be cogent, truthful and acceptable.
It was a matter of great importance that he took a "huge risk" in appearing as a defence witness, giving a good opportunity to the prosecution to "grill him" in detail about the payment of alleged illegal gratification of Rs 200 crore, Special Judge O P Saini said in his verdict.
"There is no material on record to show that Raja was mother lode of conspiracy in the instant case. There is also no evidence of his noholdsbarred immersion in any wrongdoing, conspiracy or corruption," the court said.
The judge said it was clear that complete facts were not placed before the then prime minister by his own office for which Raja could not be faulted and senior officials at the PMO had "suppressed the most relevant and controversial part" of Raja's letter.
Regarding the Rs 200 crore transaction, the court said only two general suggestions were put to Raja by the CBI and it was not suggested to him at all that the circuitous route for transfer of money through the four entities was adopted at his instance and the documents were bogus to conceal the payment of illegal gratification for favours shown by him to accused firm Swan Telecom Pvt Ltd.
"The prosecution introduced the word 'quid pro quo' for the first time in the cross-examination of Raja. In the entire prosecution evidence it was nowhere suggested to any witness that the transfer of Rs 200 crore was an illegal gratification and that the four entities had concealed its identity to give it a colour of regular business transaction," it said.
The judge said that the terse or if "I may say so, NIL crossexamination by the prosecution of Raja indicates that it had no worthwhile evidence against him with which it could nail him" and the nature of his crossexamination indicated "total lack of evidence against him".
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