Sonia, Rahul wanted to usurp Rs 2k Cr AJL Company: ED to Delhi Court

The Enforcement Directorate on Wednesday alleged Sonia and Rahul Gandhi wanted to usurp the assets of Associated Journals Limited (AJL), a Rs 2,000 crore company, the publisher of National Herald newspaper.

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Special judge Vishal Gogne was hearing the submissions on the point of cognisance in the National Herald case.

Additional solicitor general S V Raju said a conspiracy was hatched to form Young Indian Private Limited in which the Gandhis held 76 per cent shares to usurp the assets of AJL, which took a Rs 90 crore loan from the All India Congress Committee (AICC) despite having assets worth in crores.

Explaining the conspiracy, the ASG said, “AJL was not making profits but had assets worth Rs 2,000 crore. But they were finding it difficult to manage their daily affairs. If you are doing reasonably well, you cannot say, I am in loss, etc. You have to build a facade. Rs 90 crore loan was taken from the AICC. They (AJL) said we cannot repay you (AICC). Ordinarily, any prudent person would have sold their assets. (Rs) 90 crore is child's play.”