Sonia, Rahul and Priyanka are not listed as Associated Journals shareholders

Sonia, Rahul and Priyanka are not listed as Associated Journals shareholders

New Delhi: Interestingly, the current Congress leaders and members of the Gandhi family – Sonia, Rahul and Priyanka – are not listed as Associated Journals shareholders.

However, Young Indian is the major shareholder of Associated Journals and Sonia and Rahul are directors of this company. The other directors listed are Mallikarjun Kharge, Pawan Bansal, Suman Dubey and Sam Pitroda who are all also shareholders of Associated Journals.

Congress leader Jitendra Singh said: “The shares were allotted according to the procedures…there is no money laundering because the payment was by check and it is to muzzle the voice of the people that Congress has been raising for 8 years.”

Shakti Singh Gohil, spokesperson for the Congress, said: “There is no intention of bad faith. The newspaper began to fight for independence. He was in financial shock. Congress helped him and the case is pending, so if there had been a bribery tribunal, he should have ruled on it.

Randeep Surjewala added, “We’ve answered all the questions for many days, so I don’t want to go over and over again. »

Nehru surnames including Indira Nehru Gandhi, Feroz Gandhi, Vijaylakshmi Pandit are listed as shareholders of Associated Journals, which is under the scrutiny of investigative agencies.

Other shareholders listed include Congress stalwarts Rafi Ahmed Kidwai, Purushottam Das Tandon, Rajni Patel, Jitendra Prasad, Mallikarjun Kharge, Pawan Kumar Bansal. Others include Prakash Narain Sapru, S. Venkitaramanan, Kesoram Cotton Mills, Abid Hussain.

When contacted, Congress Secretary General KC Venugopal said, “There is no violation of laws and everything that is done is permitted by law. Venugopal hinted at political vendetta and said Young India is a non-profit company and there is no money laundering. “We are going to fight,” he said.

Rajasthan Chief Minister Ashok Gehlot said, “Young India is a non-profit entity. Sonia ji is a director. No profit can be taken nor did she take in this case. If there is a profit, it is invested in the business.

Jyotsna Suri and the late Lalit Suri each own 50,000 shares of Associated Journals, making the National Herald of the Congress party stand out.

The Young Indian is the major shareholder of Associated Journals. Harbans Lal Malhotra and Sons owns 16,000 shares while Rameshwar Thakur owns 26,510 shares.

Scindia Investment, Mohan Meakin hold 5,000 shares each. Others include a mix of past and present Congress leaders or those who have been close to the Gandhi family.

Some of the shareholders include Dr. KN Katju, Vijay Darda, Sushmita Dev, Manickam Tagore, Syed Sibtay Razi, Suman Dubey, Sam Pitroda, Oscar Fernandes, Motilal Vora, JB Dadachandji, HY Sharada Prasad, Ghulam Nabi Azad, Sucheta Kripalani, Sheila Dikshit among others.

Pawan Kumar Bansal is President and CEO of Associated Journals.

The Enforcement Directorate interviewed Rahul Gandhi at his office in the nation’s capital.

The Enforcement Branch had summoned Rahul Gandhi and party leader Sonia Gandhi in connection with the National Herald case for allegedly embezzling funds. Sonia Gandhi will appear before the financial polling agency on June 23.

The genesis of the controversy began with the acquisition of shares of Associated Journals Limited (AJL) on January 26, 2011. AJL was incorporated as a limited company on November 20, 1937 under the Indian Companies Act, 1913 , for the purpose of publishing newspapers in different languages.

AJL started publishing newspapers such as National Herald in English, Navjivan in Hindi and Quami Awaz in Urdu. Publication of the newspaper has been suspended several times due to financial difficulties and some labor issues. On April 2, 2008, the newspaper was closed.

The properties were allocated for carrying out press activities and publishing newspapers in different languages. However, he was also allowed to rent these properties for rent to meet his publishing activities after the newspaper closed.

AJL’s office was relocated from Lucknow to Delhi on 1 September 2010 to its Delhi property located at 5A, Herald House, Bahadurshah Zafar Marg, New Delhi. In this series of events, the All India Congress Committee (AICC), a supreme organ of the Indian National Congress, had from time to time advanced loans to the AJL.

In other words, AICC has assigned AJL’s outstanding loan on the books at Rs 50,00,000 to Young Indian. In addition, nearly 99.99% of AJL shares were transferred to Young Indian. On December 13, 2010, at Young Indian’s first board meeting, Rahul Gandhi was appointed director.

In a nutshell, the National Herald case concerns the awarding of a loan of Rs 90 crore advanced by the Congress party to Young Indian for a consideration of Rs 50 lakh. It was alleged that there was misappropriation of assets of over Rs 2,000 crore.