National Herald Case: Sonia, Rahul Gandhi wanted to use assets worth Rs 2,000 crore, Ed tells Delhi court

Additional Solicitor General SV Raju said that a conspiracy was designed to make Young Indian Private Limited, in which Gandhis had organized 76 percent shares to incite AJL’s assets, which despite having assets in the Khor, took a loan of Rs 90 crore from the All India Congress Committee (AICC).

Talking about the conspiracy, the ASG said, “AJL was not earning profits, but had assets worth Rs 2,000 crore. But they were finding it difficult to manage their daily matters. If you are doing properly well, you cannot say this, I am in disadvantage, etc.

Raju further said, “The conspiracy was the construction of a young Indian for Rs 2,000 crore in exchange for a loan of Rs 90 crore. Sonia and Rahul Gandhi wanted to handle this 2,000 crore company.” Within six days of Rahul’s appointment as the director of young Indians, Raju said, it sent a representation to AJL to repay the loan or convert it into equity.

Judge Gogane raised a question from Raju, which is about the possibility of AICC’s writing of AJL’s loan similar to public sector banks.

The ASG said that banks wrote the defaulters loans in the absence of assets as collateral, but in this case AJL had assets worth Rs 2,000 crore which they had given for a loan of Rs 90 crore. Raju alleged that AICC removed himself from direct transactions to avoid “making waves” and made young Indians instead.

The judge again asked Raju if it’s strange Political parties owner of a newspaperRaju said, “Political parties acquired to run newspapers and channels. The main question is how they can get a property for peanuts,” Raju said AJL was acquired by the young Indian, with 76 percent shares with Sonia and Rahul Gandhi.

“Taking left hand and taking right hand. Buying and selling shares. All fake transactions.” He said. The hearing will continue on 3 July.

On 21 May, the ED alleged that the income of the crime in the case was obtained towards “the instructions of some senior party leaders” on “protection, tickets to contest, and securing positions in the party”.

The ED filed its charge sheet against Congress leaders Sonia Gandhi, Rahul Gandhi and others for the prevention of Money Laundering Act (PMLA) against Section 3 (Money Laundering) and 4 (punished for money laundering).
Ed accused GandhisLate Congress leader Motilal Vora and Oscar Fernandes Suman Dubey, Sam Pitroda and a private company are different from a private company and money laundering on fraud acquisition of property worth more than Rs 2,000 crore belonging to AJL.

The charge sheet is named Gandhi, Doody, Pitroda, Sunil Bhandari, Young Indian and Dotex Merchandise Private Limited.