The ED has alleged that Sonia Gandhi and her son Rahul orchestrated a “crook conspiracy” to “usurp” properties of National Herald’s publisher, Associated Journals Ltd (AJL), really worth Rs 2,000 crore, by transferring 99% of the shares for just Rs 50 lakh. The assets were received by a private company, Young Indian, that’s managed by Sonia Gandhi and Rahul.
This paperwork of the chargesheet filed by the ED in the National Herald money laundering case, which has also named Congress leaders Sam Pitroda and Suman Dubey as accused. The latest market value of the assets is now Rs 5,000 crore, and the ED has identified the “proceeds of crime” at Rs 988 crore, assets instructed PTI. The AJL was founded by India’s first prime minister, Jawarharlal Nehru.
ED chargesheet Accused 1 is Sonia Gandhi
The ED chargesheet states that the “predominant officials” of AJL, Young Indian, and “key” Congress office bearers entered into a “crook conspiracy” to accumulate assets worth Rs 2,000 crore of AJL, a public employer.
This they did by moving 99% stocks in favour of Young Indian, a private company, for Rs 50 lakh, the ED has alleged. While Sonia and Rahul personal a 76% stake in Young Indian, 24% belonged to the history due Motilal Vohra and the overdue Oscar Fernandes. As according to the chargesheet, the leaders “transformed” the loan of Rs 90.21 crore given by Congress to AJL into Rs 9.02 crore fairness shares. All those shares have been then transferred to Young Indian for a “paltry” Rs 50 lakh, as per ED. Thus, through this transfer, Sonia Gandhi and Rahul became the “useful” owners of homes of AJL really worth number of crores.