Spotlight

Sonia-Rahul Gandhi firm’s assets worth Rs 751 crore seized

Patrick D Costa

Sonia Gandhi and Rahul Gandhi

The country’s central agency, the Enforcement Directorate (ED), has seized property worth Rs 751 crore in the National Herald case amid five state assembly elections in India. Indian media Anandabazar Patrika reported this information.

The list includes immovable and immovable properties of the National Herald newspaper, its publishing house Associated Journals Limited (AJL) and management and ownership company Young India, the report, quoting ED sources, said. Several Congress leaders including Sonia and Rahul own these companies.

In 2013, the BJP raised corruption allegations against Manmohan Singh in connection with the National Herald newspaper founded by Jawaharlal Nehru. After the Narendra Modi government came to power in 2014, the issue started anew. Its main owner was BJP leader Subrahmanyam Swamy. According to him, the company called ‘Associated Journals Limited’, which owned the newspaper, had a debt of Rs 90 crore in the market.

Most of which is taken from Congress.
According to reports, the newspaper ceased publication in 2008. In that situation, the company was acquired by Sonia, Rahul and top Congress leaders ‘Young Indian Pvt Ltd’. After which National Herald’s property worth several thousand crores came into possession of Young Indian.

The debt burden of 90 crore rupees is also pressing on their neck. A few days later, Congress waived off the loan on the grounds that it was not possible to recover the debt.
This is where the husband objected. According to him, Congress is a political party. They don’t have to pay any tax.

It is also out of their jurisdiction to give loans to any commercial organization. The Delhi Metropolitan Court had earlier in 2015 directed the ED to investigate whether illegal transactions had taken place in the transfer of ownership. Besides, the Narendra Modi government asked AJL to vacate the office arguing that no newspaper is published from the ITO office. The High Court also agreed to that decision last year.
Meanwhile, the Congress leadership countered that Young India is a non-profit organisation. This company cannot give profit share to any owner. There was no exchange of property or financial transactions.

In fact, after the first round of investigation, the ED recommended that the case be closed, accepting the demands of the Congress. But the Modi government rejected that decision and quickly removed the then ED officer Rajan Katoch.

Related Articles

Back to top button