National Herald Case: Rahul Gandhi confronts ED questions again, questioned for second day

Publish Date: 14 Jun, 2022 |
 

The ED on Monday questioned former Congress President Rahul Gandhi for nearly eight and a half hours in two rounds in the money laundering case related to the National Herald. Rahul was interrogated till 9.30 pm, but he came out of the ED office after two hours at 11:30 pm.

What is the case?

It is alleged that a loan of Rs 90 crore was given to this company formed in 1930 by the Congress and its ownership was taken away.AJL's net worth is close to Rs 2,000 crore and was acquired by Young India Limited, 38 percent of which is held by Rahul Gandhi and the same amount by Sonia Gandhi.

Apart from this, the rest of the shares were with other Congress leaders.According to court documents, the debt-ridden AJL had closed all its publications, including the National Herald.At that time, Congress had a loan of Rs 90 crore, which was given to him from time to time in the form of interest free loan.

Congress Party claims

Rahul Gandhi and Congress have claimed that nothing wrong has been done in the AJL deal because Young Indian is a not-for-profit company and AJL was acquired to protect it. Significantly, the ED has called Congress President Sonia Gandhi for questioning on June 23.

Sonia Gandhi's close friends launched Young Indian, a non-profit company under section 25 in November 2010. According to the IT report, Young Indian had acquired 99.99 per cent shareholding of AJL. The IT department alleges that the estimated value of this company in 2011-12 was Rs 414 crore.

 

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