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Sonia, Rahul used 'Young Indian' to launder money: BJP - Page 2 of 2 - NewsroomPost.com
New Delhi, Oct 23: Targeting Sonia and Rahul Gandhi, the BJP on Thursday alleged that ‘Young Indian’, a company in which Congress President and her son are said to have majority stake, had borrowed a sum of Rs one crore from a firm which was allegedly involved in converting black money into white.
Claiming that this was just the “tip of the iceberg”, BJP spokesperson Sambit Patra said at a press conference “the first family” of Indian politics should provide answers to questions being raised by them.
The Congress, however, dismissed it saying that BJP was levelling baseless charges as it sensed imminent defeat in the Bihar assembly elections.
The BJP spokesperson claimed that the owner of the company has told income tax authorities in Kolkata about the activities of his firms that, included converting black money into white.
Patra further alleged over Rs 90 crore of Hawala transactions were done.
“This deal isn’t about Rs 1 Crore, we suspect Rs 90 crore paid by Congress party to National Herald was black money”, said Sambit Patra.
“There was a newspaper called National Herald and National Herald was run by a company called Associated Journals, which was closed in 2008 because it was in loss. In 2010, a company was floated called Young India Ltd, 38 percent shares of this company are with Sonia Gandhi and 38 percent is with Rahul Gandhi. They control 76 percent of Young India and, therefore, are owners” he said.
“If somebody has 76 percent shares of a company then naturally, they have the ownership rights,” Patra said adding that 24 percent shares were held by Congress leaders Oscar Fernandes and Motilal Vora.
He further claimed that in a meeting held at 10 Janpath, on September 23, 2014, a proposal was placed before the board of this firm for a one year extension in repaying the loan borrowed from a private company.
The BJP spokesperson said that when activities of Dotex Merchandise were looked into by authorities, details that emerged are “murky”.
Patra claimed that the owner of the company has told income tax authorities in Kolkata about the activities of his firms including on converting black money into white.
Waving documents, which he claimed revealed details of such conversion, Patra said when the loan was taken by ‘Young Indian’ the Congress-led UPA was in power and had the machinery to find out antecedents of the firm.
“This one crore is just the tip of the iceberg. We ask the Congress, whose black money is this? Does this belong to Coalgate, CWG, 2G or jijaji? (a reference to Robert Vadra) The Congress should explain,” Patra said attacking the Congress leadership.
Reacting to the allegations, Congress spokesperson Randeep Surjewala said that the BJP was sensing an imminent defeat in Bihar due to “evaporation” of the Modi magic and that was why it was resorting to such allegations.
“BJP is also making such allegations as the names of some BJP leaders are being talked about in connection with some fictitious companies in the Bank of Baroda scam,” he said.
The Associate Journal had taken a loan of Rs one crore from R P Goenka company at an interest rate of 14 per cent, which was later repaid, he said.
Suggesting that there was no case of any wrong doing, Surjewala said that the whole matter was audited by the Income Tax department and Registrar of Companies.
If some questions are being raised against the lender, what can Associate Journals do he asked.
New Delhi, Oct 23: Targeting Sonia and Rahul Gandhi, the BJP on Thursday alleged that ‘Young Indian’, a company in which Congress President and her son are said to have majority stake, had borrowed a sum of Rs one crore from a firm which was allegedly involved in converting black money into white.
Claiming that this was just the “tip of the iceberg”, BJP spokesperson Sambit Patra said at a press conference “the first family” of Indian politics should provide answers to questions being raised by them.
The Congress, however, dismissed it saying that BJP was levelling baseless charges as it sensed imminent defeat in the Bihar assembly elections.
The BJP spokesperson claimed that the owner of the company has told income tax authorities in Kolkata about the activities of his firms that, included converting black money into white.
Patra further alleged over Rs 90 crore of Hawala transactions were done.
“This deal isn’t about Rs 1 Crore, we suspect Rs 90 crore paid by Congress party to National Herald was black money”, said Sambit Patra.
“There was a newspaper called National Herald and National Herald was run by a company called Associated Journals, which was closed in 2008 because it was in loss. In 2010, a company was floated called Young India Ltd, 38 percent shares of this company are with Sonia Gandhi and 38 percent is with Rahul Gandhi. They control 76 percent of Young India and, therefore, are owners” he said.
“If somebody has 76 percent shares of a company then naturally, they have the ownership rights,” Patra said adding that 24 percent shares were held by Congress leaders Oscar Fernandes and Motilal Vora.
He further claimed that in a meeting held at 10 Janpath, on September 23, 2014, a proposal was placed before the board of this firm for a one year extension in repaying the loan borrowed from a private company.
The BJP spokesperson said that when activities of Dotex Merchandise were looked into by authorities, details that emerged are “murky”.
Patra claimed that the owner of the company has told income tax authorities in Kolkata about the activities of his firms including on converting black money into white.
Waving documents, which he claimed revealed details of such conversion, Patra said when the loan was taken by ‘Young Indian’ the Congress-led UPA was in power and had the machinery to find out antecedents of the firm.
“This one crore is just the tip of the iceberg. We ask the Congress, whose black money is this? Does this belong to Coalgate, CWG, 2G or jijaji? (a reference to Robert Vadra) The Congress should explain,” Patra said attacking the Congress leadership.
Reacting to the allegations, Congress spokesperson Randeep Surjewala said that the BJP was sensing an imminent defeat in Bihar due to “evaporation” of the Modi magic and that was why it was resorting to such allegations.
“BJP is also making such allegations as the names of some BJP leaders are being talked about in connection with some fictitious companies in the Bank of Baroda scam,” he said.
The Associate Journal had taken a loan of Rs one crore from R P Goenka company at an interest rate of 14 per cent, which was later repaid, he said.
Suggesting that there was no case of any wrong doing, Surjewala said that the whole matter was audited by the Income Tax department and Registrar of Companies.
If some questions are being raised against the lender, what can Associate Journals do he asked.
