They allegedly paid only Rs 50 lakh to acquire a company worth more than Rs 2,000 Crore.
In a huge setback for the Congress president Sonia Gandhi & her son Rahul Gandhi, the Delhi HC has cleared an Income Tax Dept. investigation in the National Herald case, Times Now reported.
This case is based on a private criminal complaint filed by the BJP MP Subramanian Swamy in year 2012. He’s accused the Gandhis & others of conspiring to cheat & misappropriate funds by paying just ₹50 lakhs to acquire a company worth more than ₹2,000 crores.
Other than the Gandhis, Motilal Vora, Suman Dubey, Oscar Fernandes & Sam Pitroda are the other accused in the case.
Subramanian Swamy said that an entity called Young Indian Private Limited (YIL) in which Sonia & Rahul both have shareholdings, paid ₹50 lakh to acquire The Associated Journals Limited (AJL) which published National Herald newspaper.
What the BJP MP alleged as being dodgy was the fact that the AJL owed as much as ₹90.25 crore to Congress party & that Young Indian Private Limited “took over” in a questionable manner AJL that is worth more than ₹2,000 crore.
The Gandhis contended that Swamy’s plea was “in the nature of a fishing & roving enquiry which isn’t permissible in law”.
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