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Congress says proud to be associated with National Herald, YIL a not-for-profit

15 Mai 2017

The Congress party on Friday said that Young Indian Private Limited, of which Congress President Sonia Gandhi and Vice President Rahul Gandhi are the main stakeholders, had raised some jurisdictional issues concerning the IT department in the Delhi High Court, but withdrew its petition after being "satisfied" with the court direction. He suggested that it would be in the Gandhis' interest if they cooperated with income tax authorities in the probe. The High Court asked the company to withdraw the petition and approach the income tax assessing officer, after which the firm withdrew its petition.

The HC order was based on an application filed by senior BJP leader and MP Subramanian Swamy who has accused Sonia, Rahul and others associated with the Congress party of conspiring to cheat and misappropriate funds by paying just Rs 50 lakh through which Young Indian Pvt Ltd (YI) obtained the right to recover Rs 90.25 crore which Associate Journals Ltd (AJL) owed to the Congress.

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"Witch hunt or malice of the current BJP government will not deter us from upholding our bounden duty to the nation", Surjewala added. He alleged that the Gandhis had set up Young Indian as a special objective vehicle for acquiring control over Rs. 2,000 crore worth of assets of the AJL.

This is published unedited from the IANS feed.