The company’s declare is that the Gandhis acquired useful possession of the property of the party-run newspaper National Herald’s mother or father firm.
In this June 8, 2024 file photograph, Congress leaders Sonia Gandhi and Rahul Gandhi throughout a celebration assembly, in New Delhi. (PTI)
The questions had been raised by particular decide Vishal Gogne whereas listening to ED’s submissions on the purpose of cognisance of the cost sheet within the matter. The company’s declare is that the Gandhis acquired useful possession of the property of the party-run newspaper National Herald’s mother or father firm Associated Journals Limited (AJL), value ₹2,000 crore, for a mere ₹50 lakh that was paid to the Congress Party.
“PSUs do that on a regular basis. Banks are writing off loans on a regular basis…what if Congress wrote off the loans?” the courtroom requested extra solicitor basic SV Raju, who represented ED.
The courtroom went on to query as to why the company didn’t identify the Congress celebration and its decision-making physique All India Congress Committee (AICC) additionally as accused. “The courtroom finds it attention-grabbing that Congress, who as per the company wrote off the loans, haven’t been named as an accused…if the individuals who misplaced their shares within the debt-ridden newspaper might be the victims, then why shouldn’t be the celebration an accused?”
During the listening to, ASG Raju maintained that the Gandhis owned the agency Young India (YI), which they used as a “facade to launder cash” and “surreptitiously seize” property value ₹ 2000 crore held by AJL.
ED in its chargesheet filed on April 9 towards former Congress presidents Sonia and Rahul Gandhi has claimed that the Gandhis are useful homeowners of YI, which acquired AJL’s property value ₹2,000 crore for simply ₹50 lakh. The company additional claimed to have recognized proceeds of crime value ₹988 crore within the case.
Besides the Gandhis, ED has additionally named abroad Congress head Sam Pitroda and former journalist Suman Dubey within the cost sheet, together with the Young Indian Private Limited (YI) — a agency wherein Sonia and Rahul Gandhi collectively maintain 76% stake.
The Gandhis had been represented within the courtroom via senior counsel RS Cheema and advocate Tarannum Cheema. The courtroom will proceed listening to the matter on Thursday.
To make certain, the decide went on to make clear that the courtroom was solely making an attempt to grasp the premise of the grievance and the authorized framework, and never provoke a roving inquiry.
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