SV Raju said that ‘the company AJL has assets worth about Rs 2000 crore, which were acquired in exchange for a loan of Rs 90 crore. This is a fraud in which no real transaction took place.’
Sonia Gandhi and Rahul Gandhi’s troubles seem to be increasing in the National Herald case. ED has claimed in court that fake transactions were done in the acquisition of Associated Journals Limited (AJL). Assistant Solicitor General SV Raju appeared in the court on behalf of the ED. SV Raju said that a company named Young Indian acquired Associated Journals Limited. AJL’s assets are worth Rs 2000 crore. Young Indian Private Limited was created only for the acquisition of AJL.
SV Raju said that the director of AJL had written a letter to the All India Congress Committee, stating that ‘they are not able to repay the loan because the publication of the newspaper has stopped and they have no regular source of income.’ SV Raju said that Sonia Gandhi, Rahul Gandhi, Suman Dubey, and Sam Pitroda were in managerial positions in Young Indian. Raju said that ‘the company AJL has assets worth about Rs 2000 crore, which were acquired in exchange for a loan of Rs 90 crore. This is a fraud in which no real transaction took place. AJL was not acquired by Congress but by Young Indian. This was done as part of a conspiracy.’
ED said that Congress neither paid interest nor security and the loan of Rs 90 crore was sold for just Rs 50 lakh. This conspiracy was hatched at the behest of Sonia Gandhi and Rahul Gandhi. SV Raju said that Rahul Gandhi and Sonia Gandhi have 76 percent shares in Young Indian.
