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India's political landscape is ablaze with activity! From the ongoing debates surrounding the new farm bills and their impact on rural India, to the upcoming state elections shaping the national narrative, the stakes couldn't be higher. Key political figures are maneuvering strategically, with alliances shifting and power dynamics constantly in flux. The opposition's challenge to the ruling party is intensifying, sparking vigorous debates on crucial policy matters including economic reforms and social justice initiatives. Parliamentary proceedings are filled with heated exchanges, reflecting the deep divisions within the nation. This evolving political climate directly impacts the lives of every Indian citizen, influencing everything from economic opportunities to social welfare programs. Stay informed about the latest developments in Indian politics, from crucial legislative decisions to grassroots movements, by exploring Abtak.com for in-depth analysis and breaking news updates. Understanding the intricacies of our political system is crucial; stay engaged, stay informed, and stay ahead.

7
PoliticsJul 13, 2025 12:19 AM

Young India involved in money laundering, sufficient grounds to take cognisance, argues ASG

New Delhi [India], July 12 (ANI): In rebuttal arguments before the Rouse Avenue court on Saturday, Additional Solicitor General (ASG) S V Raju said that Young Indian was involved in money laundering and continues to be involved. Raju asserted that there were sufficient grounds to take cognisance of the prosecution complaint against all accused persons in the National Herald money laundering case. After hearing the arguements of ASG Raju, Special Judge Vishal Gogne listed the matter for clarification from the defence counsel on July 14. In his rebuttal arguments on the second day, ASG submitted that the donors who donated to AICC were cheated and duped. 'Who gave donation were given ticket,' ASG referred to statement of the witness. He submitted that Young Indian was a bogey for money laundering. Neither of the donors was aware of Young Indian, nor its objectives. ASG further submitted that some of the people gave donations on the instructions of senior Congress leaders. He also submitted that the Young Indian was not carrying on the activities in furtherance of its objectives. 'Young Indian was doing money laundering, still doing', ASG argued. 'Young Indian gave Rs 50 Lakh out of Rs. One crore loan from Dotex,' ASG further said. On the point of recovery of debt, ASG argued that the right to recover debt is an actionable claim. The right to recover is a property. They (Accused) have the right to recover Rs 90 crores by paying mere Rs. 50 Lakh. 'Why charitable institutions invest Rs. 50 lakh to recover Rs. 90 crore when it was not recoverable,' ASG said, adding, 'Young Indian gave Rs. 50 Lakh to AICC and AICC gave the right to recover a debt of Rs. 90 crores.' 'You (accused) misrepresented the donors who donated to the AICC,' ASG argued. It was submitted by the ASG that Young Indian was formed on November 23, 2010. On December 13, 2010, Rahul Gandhi was appointed the director of Young Indian. ASG submitted that without investing a single penny in AJL, the Young Indian became the owner of assets worth Rs. 1910 crore. He added that there was cheating with the other shareholders of AJL. It is a total fraud. As per the balance sheet of Associated Journal Limited (AJL), there were assets of Rs. 2000 crores and a liability of Rs. 90 crores, ED said. ASG submitted that debt recovery is a form of property. On the point of share acquisition, it submitted that the Allotment of shares constitutes the acquisition. In this case, shares were not transferred; instead, they were acquired. Later, these shares were transferred to Sonia Gandhi and Rahul Gandhi. Regarding the role of accused persons, it was submitted that Sonia Gandhi, Rahul Gandhi, Suman Dubey, and Sam Pitroda were directors of Young Indian. They were in charge of conducting the business of the company. On the point of commision of an allegation by the company, ED submitted that when an offence by the company triggers section 70 of PMLA. Then every person responsible for the conduct of their business will be liable for the offence. It was submitted that Sonia Gandhi, at the time when the contravention of PMLA was committed, was responsible and was in charge of Young Indian for the conduct of the business of the company. At the time of payment of Rs. 50 lakhs, Sonia Gandhi, as a director, was responsible for the conduct of the affairs of the company. The ASG Raju submitted that the payment of Rs 50 lakhs to AICC by Young Indian was made after Rahul Gandhi became a Director in Young Indian. He further submitted that when the contravention of PMLA was committed, Rahul Gandhi was incharge of the conduct of the business of Young Indian. ED submitted that all the averments required are there in the Complaint against Sonia Gandhi, Rahul Gandhi, Suman Dubey and Sam Pitroda. Cognisance needs to be taken, ASG submitted. He further argued that Dotex Merchandise is merely an entry provider. Somebody gave cash and it gave a cheque of Rs. One crore. No inquiry was made in relation to business, ASG Raju said. It was further submitted that the loan was for one year. There was no guarantee taken, no collateral taken. The loan was recovered when a complaint was filed by Dr. Subramaniam Swamy. It was returned in 2015. The loan was given at a 14 per cent interest rate. Rs 14 lakh was the interest for the loan of Rs one crore for one year. Interest was not debited or credited in the books. On the point of jurisdiction, the ASG submitted that unless there is a specific bar, anyone can invoke the jurisdiction. Anyone can move to the court; a five-judge bench of the Supreme Court had said. He submitted that the accused might have committed an offence, which is sufficient to frame a charge. So the threshold of taking cognisance is much less. (ANI)

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PoliticsNov 19, 2024 05:05 AM

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18
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19
PoliticsNov 26, 2024 01:53 PM

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15
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19
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OtherNov 18, 2024 05:04 AM

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