Congress on Sunday sought to present its side of story on the National Herald controversy by release a set of ‘Frequently Asked Questions.”
The party said that Gandhis had not benefited financially from Young Indian Ltd.
The party also termed the charge as “absolutely false” that Young Indian (YI) Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd (AJL), was a “real estate company.”
“BJP leader Subramanian Swamy had sought derecognition of Congress on this ground but his complaint was dismissed by a full bench order of the Election Commission” at that time, AICC statement was quoted by the PTI..
On whether Sonia or Rahul Gandhi benefited financially from Young Indian, it said, “No. As directors or shareholders of Young Indian, a non-profit, Section 25 company, they are prohibited by law from drawing (and have not drawn) any financial benefits from the company.” It also denied that any assets were transferred from AJL to YI.
“All the assets and the income of AJL remain with the company. Not a single paisa has gone to YI, YI Directors or YI Shareholders,” it said in the FAQs on its website under the heading, ‘National Herald’.
On the claim by Finance Minister Arun Jaitley that YI is a real estate company, it said the statement was “absolutely false”.
“Absolutely false. YI does not own a single real estate asset or immoveable property. AJL continues to own all its assets. The allegation is, therefore, completely baseless,” it said. .