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Corruption: Subramanian Swamy corners Sonia, Rahul Gandhi
Swamy on Thursday demanded an investigation by Central Bureau of Investigations (CBI) while accusing the Gandhis of converting a public firm into a private company and thus grabbing properties worth Rs 1,600 crore illegally.
Read the complete text here:
-
Mrs
Sonia
Gandhi
and
Rahul
Gandhi
had
floated
a
Section
25
private
company
called
Young
Indian
and
acquired
the
public
limited
company,
the
Associated
Journals
Ltd.,
which
is
the
owner
of
National
Herald
and
Quami
Awaz
Newspapers,
and
all
high
value
real
estate
property
in
Delhi
and
other
places
in
Uttar
Pradesh
of
the
said
company.
The
deal
is
a
sham,
bogus
and
a
violation
of
several
laws.
It
is
a
fraud
committed
in
order
to
grab
the
Herald
House
in
Delhi
that
is
located
in
a
hub
and
which
is
valued
at
about
Rs
1600
crore.
-
The
first
dubious
fact
of
the
AJ
Company
RoC
details
is
that
Jawahar
Lal
Nehru,
Indira,
Feroze
Gandhi,
GD
Birla
and
other
like
noted
deceased
person
are
shown
as
current
shareholders!
In
fact,
80
per
cent
of
the
original
shareholders
are
no
more
alive.
So
too
many
of
the
defunct
firms,
including
several
companies
having
dubious
addresses
in
Kolkata,
are
shown
as
shareholders
of
the
Associated
Journals
Ltd.
-
The
second
dubious
fact
is
the
acquisition
of
the
Associated
Journals
Ltd.
Judging
by
documents
filed
with
RoC
it
is
wholly
illegal.
On
Feb
26,
2011,
the
Board
of
AJ
Pvt.
Ltd.
passed
a
Resolution
approving
that
All
India
Congress
Committee
(AICC)
had
loans
to
the
Company
unsecured
and
for
zero
interest
rate
to
extinguish
the
liability
of
the
company
of
more
than
Rs
90
crore.
It
is
illegal
for
a
political
party
to
give
loans
to
any
company.
The
Resolution
also
resolved
that
in
lieu
of
this
deal
with
AICC,
the
Board
decided
to
allot
all
AJ's
nine
crore
shares,
of
Rs
10
each
to
Young
Indian,
the
private
company
of
Sonia
Gandhi
and
Rahul
Gandhi,
where
both
together
more
than
three
fourths
of
the
total
shares
and
fully
control
the
said
Young
Indian
Company.
-
The
third
dubious
fact
is
that
Young
Indian
filed
statements
with
the
RoC
disclosing
that
the
shareholders
meeting
was
held
in
Sonia
Gandhi's
Government
allotted
10,
Janpath.
This
is
violation
of
the
law
since
the
10,
Janpath,
New
Delhi
Government
accommodation
cannot
be
used
for
commercial
purposes
and
business.
-
The
fourth
dubious
fact
is
that
the
Rs
90
crore
liability
of
The
Associated
Journals
was
owned
by
Young
Indian
for
a
mere
Rs
50
lakhs!
-
Thus,
the
deal
was
to
grab
the
Rs
1600
crore
worth
Herald
House
and
other
properties
of
the
National
Herald/Quami
Awaz
in
Delhi
and
in
different
part
of
UP
for
a
commitment
to
pay
Rs
50
lakh
to
AICC
for
the
Rs
90
crore
advance
as
unsecured
zero
interest
loan.
-
Therefore,
I
urge
immediate
institution
of
a
SFIO/CBI
probe
into
this
dubious
stinking
deal
between
Young
Indian
and
The
Associated
Journals
as
also
the
illegality
of
the
AICC
in
giving
a
loan
to
a
private
company
in
reckless
cronyism
since
the
AICC
President
is
Ms
Sonia
Gandhi
and
General
Secretary
Rahul
Gandhi
who
are
also
owners
of
Young
Indian,
the
beneficiary.
More
curiously,
the
Associated
Journals
Ltd.'s
Chairman
Shri
Motilal
Vore
is
also
the
Treasurer
of
the
AICC!
- In his election affidavit on assets and liabilities, Mr Rahul Gandhi had failed to inform that he owned 38 per cent share of a company named Young Indian with his mother, Ms Sonia Gandhi, who also owned 38 per cent of the shares.
OneIndia News
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