Latest laws Helping good people to do good things.May,12,2017:
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”.
Related News @ LatestLaws.com-
8.5.2016 – FIR against Bhupinder Singh Hooda, for allotting Plot to Sonia Gandhi’s National Herald
12.2.2016 – Supreme Court refuses to quash criminal proceedings against Sonia, Rahul in National Herald case
4.2.2016- National Herald Case- Congress Party decides to move Supreme Court to save Rahul-Sonia from Trial
8.12.2015- Not scared, I am Indira’s daughter-in-law, says Sonia; Jaitley quips, India not a banana republic, go and face the Court, Read HC order
7.12.2015- In big setback, Delhi High Court asks Sonia Gandhi, Rahul to appear before Magistrate as Accused
