Gandhis guilty of Rs 1,600 cr fraud, alleges Swamy
2 Nov 2012 7:35 AM IST
Janata Party chief Subramanian Swamy on Thursday accused Sonia and Rahul Gandhi of running a fraud company and misusing government properties.
Swamy raised questions over the acquisition of a company that published the now defunct National Herald newspaper to which Congress gave an unsecured loan of over Rs 90 crore. Swamy claimed this was illegal under IT Act because a political party cannot give loans for commercial purposes.
Swamy said Sonia and Rahul had floated a company called Young Indian each with a share holding of 38 per cent, which acquired Associated Journals, founded by late Jawaharlal Nehru, that published the National Herald and Quami Awaz. ‘The deal is a sham...It is a fraud committed in order to grab the Herald House in Delhi...which is valued at about Rs.1600 crores,’ alleged Swamy. He also alleged that the Young Indian wrote off the loans due to AICC for a mere Rs 50 lakh and by a board resolution, the Associate Journals is sold by transfer of shares to Young Indian, which is not a newspaper or journal producing company.
Swami said 80 per cent of the persons mentioned in the 2011 shareholders’ list filed with the ROC are deceased, such as Nehru, Indira Gandhi, Sharda Prasad, GD Birla. He added the shareholders meeting was held in 10, Janpath, which is in violation of the law since government accommodation cannot be used for commercial purposes and business.
Later in the evening Rahul Gandhi’s office rebutted the charges made against him and threatened legal actions against the ‘scandalous abuse evident in the so called press conference.’
Swamy raised questions over the acquisition of a company that published the now defunct National Herald newspaper to which Congress gave an unsecured loan of over Rs 90 crore. Swamy claimed this was illegal under IT Act because a political party cannot give loans for commercial purposes.
Swamy said Sonia and Rahul had floated a company called Young Indian each with a share holding of 38 per cent, which acquired Associated Journals, founded by late Jawaharlal Nehru, that published the National Herald and Quami Awaz. ‘The deal is a sham...It is a fraud committed in order to grab the Herald House in Delhi...which is valued at about Rs.1600 crores,’ alleged Swamy. He also alleged that the Young Indian wrote off the loans due to AICC for a mere Rs 50 lakh and by a board resolution, the Associate Journals is sold by transfer of shares to Young Indian, which is not a newspaper or journal producing company.
Swami said 80 per cent of the persons mentioned in the 2011 shareholders’ list filed with the ROC are deceased, such as Nehru, Indira Gandhi, Sharda Prasad, GD Birla. He added the shareholders meeting was held in 10, Janpath, which is in violation of the law since government accommodation cannot be used for commercial purposes and business.
Later in the evening Rahul Gandhi’s office rebutted the charges made against him and threatened legal actions against the ‘scandalous abuse evident in the so called press conference.’
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