The ED has also named Congress leaders Sonia Gandhi, Rahul Gandhi, Congress Overseas chief Sam Pitroda, Suman Dubey and some others in the money laundering case related to the National Herald case. The investigating agency has filed a charge sheet in the Rouse Avenue Court. The case is related to Associated Journal Limited (AJL) and Young Indian Private Limited companies and the next hearing in the case will be held on 25 April. Sources say that the Congress party is currently taking legal advice and will clarify its official status only after consulting the lawyers.
The ED has so far seized assets worth Rs 751.9 crore of AJL and Young Indian. It is alleged that the property was purchased from the offense of the offense. The seizure action was taken in Delhi, Mumbai and Lucknow under PMLA. According to ED information, AJL has assets worth Rs 661.69 crore. Meanwhile, property worth about Rs 90.21 crore is attached to Young Indian.
The ED launched an investigation under the PMLA in 2014 against AJL and Young India on the orders of Delhi’s Metropolitan Magistrate. During the investigation, it was found that the accused in the case had a criminal conspiracy to grab AJL’s property worth crores of rupees through the Messrs Young India Company. AJL was given land at concessional rates in various cities for newspaper printing.
AJL stopped its publication work in 2008 and then started using the property for commercial purposes. AJL was supposed to repay a loan of Rs 90.21 crore taken from the All India Congress Committee (AICC). However, the Congress party waived this loan and sold AJL’s assets to Messrs Young India for just Rs 50 lakh.
After this, the shares of Young India were given to the Gandhi family and their close people. As a result, the Gandhi family indirectly received control over AJL’s assets worth crores of rupees through Young India. Earlier, AJL had called an extraordinary general meeting and passed a resolution.
After this process, the share of more than 1000 shareholders in AJL declined to only 1 percent and AJL became a subsidiary of Young India. Young India controlled AJL’s assets. Sonia Gandhi, Rahul Gandhi, Oscar Fernandes, Motilal Vora and Suman Dubey are accused in this case. The ED has also questioned Sonia Gandhi and Rahul Gandhi in this case.
The post of ED in the post National Herald case; Charge sheet filed against Rahul Gandhi and Sonia Gandhi first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
