Congress Treasurer Pawan Bansal appears before the ED on the National Herald scam
A day after Congress leader Mallikarjuna Kharge, Congress Treasurer Pawan Bansal also appeared before the Enforcement Directorate (ED) in connection with a money-laundering probe linked to the National Herald scam. The National Herald is published by Associated Journals Limited (AJL) and owned by Young Indian, a private company floated in 2010, where Sonia Gandhi and Rahul Gandhi have 76% shares. Kharge is stated to be the CEO of the Young Indian while Bansal (73) is the new Managing Director of AJL from February 2021, after Motilal Vohra’s death.
The former Union Minister Pawan Bansal arrived with a bunch of files at the new Enforcement Directorate (ED) headquarters located in central Delhi around 10.30 AM. His statement will be recorded by the agency under the criminal provisions of the Prevention of Money Laundering Act (PMLA), the officials said. The ED had on Monday questioned Mallikarjun Kharge for about five hours in connection with the case.
The ED’s action came in few days after the ITAT (Income Tax Appellate Tribunal) ratified the Income Tax findings of huge tax evasion of more than Rs.415 crore by Young India, a new company floated by Sonia Gandhi and Rahul Gandhi (76% shares to dubiously acquire the National Herald newspaper publishing company Associated Journals Ltd (AJL).
Income Tax already in their Order said that Congress party’s claim of giving Rs.90 crore loan to AJL was bogus and Young Indian acquiring the loan for just Rs.50 lakh and acquiring 99.99% shares of AJL was a total sham. With this dubious move, Young Indian acquired land building assets of AJL worth more than Rs.3,000 crores. After the Magistrate Court issued notice to Sonia, Rahul and other Directors of Young Indian, the petitioner BJP leader Subramanian Swamy filed complaints with Income Tax and Enforcement Directorate in January 2016 to probe into the tax evasion and money laundering aspects.
The agency registered a fresh case under the criminal provisions of the PMLA after a trial court here took cognizance of an Income Tax Department probe against Young Indian Pvt Ltd on the basis of a private criminal complaint filed by BJP MP Subramanian Swamy in 2016, sources had said. The agency is expected to summon other promoters of the Young Indian soon.
Swamy had accused Sonia Gandhi, Rahul Gandhi and others of conspiring to cheat and misappropriate funds, with Young Indian Pvt Ltd paying only Rs 50 lakh to obtain the right to recover Rs 90.25 crore that AJL owed to the Congress. By this dubious transaction, Young Indian acquired 99.99% shares of AJL, founded in 1937.
PGurus Managing Editor Sree Iyer has written a detailed book on National Herald Scam. The book can be purchased here.[1].
Reference:
[1] National Herald frauds: Arrogant stealing of prime real estate – another instance of hubris of the Gandhi family – Amazon.in
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