ED sources claim in National Herald case: There is no documentation of Motilal’s financial decisions

Sources in the Enforcement Directorate said on Saturday that neither Congress interim president Sonia Gandhi, nor party MP Rahul Gandhi nor other Congress leaders, questioned in the National Herald case, have produced any documents to support claims that financial decisions were taken. Former treasurer of the party was Motilal Vora. ED (Enforcement Directorate) sources said
 | 

ED sources claim in National Herald case: There is no documentation of Motilal’s financial decisions


Sources in the Enforcement Directorate said on Saturday that neither Congress interim president Sonia Gandhi, nor party MP Rahul Gandhi nor other Congress leaders, questioned in the National Herald case, have produced any documents to support claims that financial decisions were taken. Former treasurer of the party was Motilal Vora.

ED (Enforcement Directorate) sources said that both Sonia Gandhi and Rahul Gandhi have decided to transfer the shares of Associate Journal Pvt Ltd (AJL) to Young Indian Pvt Ltd (YIL), serving as the Congress Party’s longest serving treasurer. is Let us know that Motilal Vora passed away on 21 December 2020 at the age of 93.

The Enforcement Directorate (ED) on Wednesday sealed the premises of the Young Indian office in the National Herald House building in the national capital as part of its probe into the National Herald case, in which top Congress leaders are accused of violating norms.

The National Herald case relates to alleged financial irregularities under the Prevention of Money Laundering Act and was registered nearly nine months ago when the trial court took cognizance of the Income Tax department’s probe based on a private criminal complaint.

The petitioner had approached the court alleging that the assets of Associated Journals Limited (AJL), which publishes the National Herald newspaper, were fraudulently acquired and transferred to Young Indian Private Limited (YIL), owned by Congress leaders Sonia Gandhi and her son. Rahul Gandhi. Each held 38 percent of the shares.

Swamy alleged that the Gandhi family had cheated and misappropriated the funds, giving YIL only Rs. 50 lakhs to pay Rs. 90.25 crore, which the AJL gave to the Congress, got the right to recover. “Sonia Gandhi and Rahul Gandhi accused Motilal Vora during interrogation,” ED sources said.

However, according to sources, Motilal Vora took any policy decision or attended any meeting or call on behalf of YIL or AJL, which could prove that his name was not in YIL files or AJL documents to prove that the decision to transfer was taken. was

The inquiry is related to the National Herald case relating to alleged financial irregularities under the PMLA and was registered nearly nine months ago after the trial court took notice of the Income Tax Department’s inquiry. Based on a private criminal complaint filed by former Bharatiya Janata Party (BJP) MP Subramanian Swamy in 2013.

The petitioner had approached the court alleging that the assets of Associated Journals Limited (AJL), which publishes the National Herald newspaper, were fraudulently acquired and transferred to Young Indian Private Limited (YIL), owned by Congress leaders Sonia Gandhi and her son. The inquiry is related to the National Herald case relating to alleged financial irregularities under the PMLA and was registered nearly nine months ago after the trial court took notice of the Income Tax Department’s inquiry. Based on a private criminal complaint filed by former Bharatiya Janata Party (BJP) MP Subramanian Swamy in 2013.

The petitioner approached the court alleging that the assets of Associated Journals Limited (AJL), which publishes the National Herald newspaper, were fraudulently acquired and transferred to Young Indian Private Limited (YIL), owned by Congress leaders Sonia Gandhi and her son Rahul Gandhi. . Each held 38 percent of the shares.

On July 27, the investigating agency questioned Congress Interim President Sonia Gandhi for nearly three hours. This was the third round of interrogation of a senior leader in the case.

The ED also questioned Sonia Gandhi on July 26, where she arrived with her daughter Priyanka Gandhi Vadra.

On that day, the party president was asked to answer about 30 questions about his involvement in the National Herald newspaper and Young Indian Pvt Ltd, officials said.

During the questioning, the Lok Sabha MP from Rae Bareli was asked about the functioning and management of the newspaper, the role of its various office bearers. Earlier, ED had also questioned him on July 21.

Meanwhile, ED questioned Rahul Gandhi for five days in June. The ED questioned Rahul Gandhi for over 27 hours over three consecutive days from June 13 to June 15 and summoned him again on June 20. He was interrogated for 14 hours on June 20.

The Congress leader presented his case before the ED investigators for the first time on June 13.

He initially sought exemption from appearing on June 16, after which he was summoned on June 17. But the senior Congress leader wrote to the ED and asked them to suspend the investigation citing the illness of his mother Sonia Gandhi. On his request, the ED allowed him to join the investigation on June 20.

Leader of Opposition in the Rajya Sabha Mallikarjun Kharge was questioned for nearly eight hours by the ED office in the national capital on Thursday in connection with a money laundering case related to the National Herald newspaper.