The fake sting operation, involving a school teacher in New Delhi, was planted by a rival channel, claimed Sudhir Chaudhary, head of Live India channel, which telecast the episode.
Chaudhary, however, said that no judgment should be passed till the investigations were completed.
"Have you seen the tapes? What is your opinion as a journalist? If the story has been proved right that Uma Khurana was involved in the flesh trade, then it would have been the greatest story in Indian journalism," he said.
But he said he saw a deep-rooted conspiracy after finding that the driver and the car in which the sting operation was executed belonged to another channel.
"The manner in which it was executed and planted on us clearly shows that there was a conspiracy. The police have spoken to the driver and the reporter. The matter is still under investigation," Chaudhary said.
Meanwhile, Rajan Bhagat, PRO Delhi police, denied Chaudhary had made any such claim during his one-hour interrogation at the sector six police station in R K Puram.
"He admitted to the police that the reporter did not tell him that he knew Rashmi Singh who was also involved in the sting operation," Bhagat told rediff.com.