WION Web Team New Delhi, Delhi, India
Jan 20, 2018, 11.46 AM
BJP leader Subramanian Swamy has produced an IT order in court against the Young Indian company majorly owned by Sonai and Rahul Gandhi. The order has reportedly cancelled Young India's tax exemption certificate and asked the company to pay tax on income gain of Rs 414 crore.
The Gandhis could be slapped with a fine of between 100-300 per cent of the concealed amount along with criminal prosecution.
The court has ordered to keep the documents submitted by Subramanian Swamy in sealed cover until next hearing.
The hearing is adjourned until March 17.
#NationalHerald case adjourned till 17th March, Court orders the documents submitted by Subramanian Swamy to be kept in sealed cover till then.
Subramanian Swamy had filed a complaint against Congress President Rahul Gandhi, former party president Sonia Gandhi, Congress treasurer Motilal Vora, party leaders Oscar Fernandes, Suman Dubey and Sam Pitroda in 2012.
In the complaint, he alleged that the Congress granted an interest-free loan of Rs 90.25 crore to the owner of National Herald-Associated Journal Limited (AJL). It further stated that Congress had mismanaged the loan which remained outstanding. Sonia and Rahul were made directors of the company, Young India, in 2010. The company acquired all the shareholdings of the AJL amounting to Rs 5,000 crore.