National Herald case: Congress ‘FAQs’ absolve Sonia, Rahul Gandhi of wrongdoing
5. Union Budget 2016: At the all party meeting, D Raja (CPI) urged Ansari to hold a structured discussion on the JNU issue and take it up on a priority basis while K C Tyagi from JD(U) accused the government of "targetting" Opposition parties, and speaking the language of Congress during the much-reviled Emergency.
Congress believes that Sonia and Rahul Gandhi have not benefited financially from Young Indian Ltd. The party also dismissed as "absolutely false" the claim that Young Indian (YI) Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd (AJL), was a "real estate company."
Congress also underlined that there is no restriction in law on political parties giving loans and the Election Commission had issued a clear order in this regard in November, 2012. "BJP leader Subramanian Swamy had sought derecognition of Congress on this ground but his complaint was dismissed by a full bench order of the Election Commission" at that time, AICC said. (Reuters)
On whether Sonia or Rahul Gandhi benefited financially from Young Indian, it said, "No. As directors or shareholders of Young Indian, a non-profit, Section 25 company, they are prohibited by law from drawing (and have not drawn) any financial benefits from the company." It also denied that any assets were transferred from AJL to YI.
"All the assets and the income of AJL remain with the company. Not a single paisa has gone to YI, YI Directors or YI Shareholders," it said in the FAQs on its website under the heading, 'National Herald'. (PTI)
It rejected as "false" the claim that YI was created to usurp the property owned by AJL. Congress also denied claims that YI now owns the property of AJL. "Both Young India and Associated Journals Ltd are separate entities. All assets and properties of AJL continue to remain with AJL” the party said. (Reuters)
On the justification behind Congress giving loans of Rs 90 crore to AJL, the party maintained it has financially supported AJL over several decades through the financial ill- health of the company. "This reflected the party's commitment to support AJL, the voice of the freedom movement," it said.(Reuters)
According to Subramanian Swamy's complaint, all who are named in the case were directors of YI, a company that was incorporated in 2010 and took over the "debt" of AJL, the publisher of National Herald. (PTI)
Sonia and Rahul Gandhi last week moved the Supreme Court seeking the quashing of the criminal case and summons issued to them and five others on several grounds, including that the complaint by Swamy in the National Herald case was a "political move" aimed to "defame" them. (Express photo)
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