In his application, Swamy has sought a series of documents relating to the controversial loan given by the Congress to the AJL, the publisher of the National Herald. Swamy said in his petition that these documents are crucial for trial. He also sought documents from Income Tax and Registrar of Companies also.
Earlier trial court had summoned documents in January and February. But Congress leaders challenged the trial court’s order in High Court citing that they were not heard before issuing summoning. All the government departments had submitted documents in sealed covers. Delhi High Court had quashed the trail court summons citing error in procedures, while allowing Swamy to file fresh applications for the documents.
eeking Rs. 90 crores ($13.4 million) controversial loan documents is a nightmare for Congress party because there was no proper accounting for this transaction, which was described as dubious and doubtful one by the trial court.
Putting Congress party and its leadership in a fix, Swamy has sought the Income Tax returns of Congress party during 2010-2011, the scam period. It is well known that these documents would create problems for the accused as it would puncture the Congress claims on giving loans for the newspaper publishing company. Besides political parties giving loan for commercial activity it is illegal as per Income Tax and Election Commission norms.
Moreover Sonia and Rahul would be in a spot of bother to explain the curious accounting by their company Young Indian’s takeover of Congress party’s loan claim of Rs.90 crores ($13.4 million) to AJL for just Rs.50 lakhs ($74,000).
1. The conversion rate used in this article is 1 USD = 67.14 Rupees.
2. Text in Blue points to additional data on the topic.
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