The Congress isn’t protesting to save lots of democracy, however to save lots of Rahul Gandhi’s properties value Rs 2,000 crore, Union Minister Smriti Irani stated at present on the large protests in assist of Rahul Gandhi as he reached the workplace of the Enforcement Directorate in reference to a cash laundering case. She stated the protests are an try and pressurise investigating businesses and that by no means earlier than has a political household tried to carry investigative businesses to ransom to guard “ill-gotten wealth”.
“Congress leaders have taken to the streets to pressurise an investigating company overtly as a result of their corruption has been uncovered,” she stated. She asserted that no person is above the regulation, “not even Rahul Gandhi”.
Explaining the ED’s case to the media, the Minister stated an organization known as Related Journals Restricted (AJL) was based in 1930 with the aim of publishing a newspaper. It had 5,000 freedom fighters as shareholders however is now beneath the Gandhi household’s management, she stated.
She alleged that the possession of the corporate was transferred to 1 household in order that it would not publish newspapers however change into an actual property enterprise as a substitute.
“This firm had incurred money owed of Rs 90 crore in 2008 and determined that it could enter the property enterprise. One other firm named Younger India was constituted in 2010 with an preliminary capital of Rs 5 lakh and the Congress Normal Secretary Rahul Gandhi was made its Director. Mr Gandhi alone had a 75 per cent stake within the firm, the remainder was together with his mom Sonia Gandhi and Congress leaders like Motilal Vora and Oscar Fernandes. 9 crore shares of AJL, which is 99 per cent of the overall shares, are then transferred to Younger India. Congress get together then gave Rs 90 crore as a mortgage to AJL which does not must be returned,” she stated.
She requested if those that had donated to the Congress get together in order that it may take part in democratic actions had meant their cash to go to an organization owned by the Gandhi household.
“This firm wasn’t set as much as do social work. It took a license beneath part 25 of the Corporations Act on the time of its founding beneath which it could solely do charity work. However in 2016, Younger India accepted that it hadn’t achieved any charity work within the six years of its existence,” she stated.
The corporate is about as much as do social work nevertheless it works for the Gandhi household as a substitute, Ms Irani alleged. She appealed to Congress leaders who’re in Delhi in assist of Rahul Gandhi to ask him what his connection is with Dotex Merchandise Personal Restricted.
Dotex Merchandise Personal Restricted is linked to a havala entry operator in Kolkata which supplies cheques in alternate for money. The Monetary Intelligence Unit has red-flagged this firm’s monetary transactions, Ms Irani stated.
“Is it true that this firm has relations with corporations which are owned by Rahul Gandhi, Sonia Gandhi and Priyanka Gandhi Vadra?” she stated.
She pointed to a sentence from a 2019 Delhi Excessive Courtroom judgement that stated, “Your complete transaction of transferring of shares of AJL to Younger India was nothing however a clandestine and surreptitious switch of the profitable curiosity into the premises of Younger India”.