HomeIndia NewsIn the Young Indian-AJL case, the investigation started moving towards the Gandhi...

In the Young Indian-AJL case, the investigation started moving towards the Gandhi family, Kharge and Bansal were interrogated by the ED

New Delhi: The Enforcement Directorate (ED) on Monday questioned Congress Rajya Sabha MP Mallikarjun Kharge in a case of alleged money laundering. The case is related to the ongoing investigation against Congress’s charitable organization Young Indian. The same organization had acquired Associated Journals Limited (AJL) and its assets worth over Rs 400 crore from Congress. AJL used to be the publishing house of the National Herald newspaper. Now 99% stake in AJL is with Young Indian. Keep in mind that the majority share of Young Indian is with Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi. However, on Kharge’s interrogation, the Congress says that the government is humiliating Dalit leaders.

Investigation moving towards Sonia, Rahul, Priyanka?

Mallikarjun Kharge is the CEO of this Young Indian. According to ED sources, Kharge was asked for detailed information on his shareholding in Young Indian and the means of funding. ED’s interrogation of him suggests that the probe is moving towards the Gandhi family who took over AJL around 2011-12 by setting up Young Indian. AJL MD and Congress party treasurer Pawan Bansal was also questioned by the ED on Tuesday. He was questioned about the transactions between AJL and Young Indian.

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Income Tax Tribunal gave a setback and then…

In the year 2019, the Income Tax Tribunal had rejected the appeal of Young Indian, in which it was sought to give income tax exemption with retrospective effect. After that a tax of Rs 145 crore was made on Young Indian. It also cleared the way for scrutiny of IT returns of other shareholders in Young Indian, including Sonia, Rahul and Priyanka Gandhi. The order of the tribunal said, “It is clear from the matter that even before the existence of Young Indian, the registered office was shifted to Delhi and the directors of the company were included on the board of AJL. Not only this, Young Indian was allowed to use the property of AJL as its registered office.

The tribunal also probed transactions of Rs 90 crore between Congress, AJL and Indian. The Congress party first gave a loan of Rs 90 crore to AJL and later when Young Indian wanted to take over AJL, the Congress party waived the loan. Thus, AJL was left with a debt of only Rs 50 lakh which Young Indian took over. In return, AJL’s assets worth Rs 400 crore came to Young Indian.

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Gandhi family trapped on Subramanian Swamy’s complaint

Sources had said that on the basis of a criminal complaint lodged by Bharatiya Janata Party (BJP) leader and MP Subramanian Swamy in 2013, a trial court in Delhi had taken cognizance of the Income Tax Department’s investigation against Young Indian Pvt Ltd. Thereafter, the agency had registered a fresh case under criminal provisions of PMLA. The agency is also likely to issue summons against other promoters of Young Indian soon. Congress MP Manickam Tagore on the Enforcement Directorate’s interrogation of Kharge alleged that the government wanted to humiliate Dalit leaders.

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