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Senior advocate R S Cheema, representing Congress leader Rahul Gandhi, on Saturday argued that the AICC was not trying to sell the assets of Associated Journals Limited (AJL), but rather attempting to save the institution, which was part of the freedom movement. Cheema began his rebuttal before Special Judge Vishal Gogne. The Enforcement Directorate (ED) has accused Sonia and Rahul Gandhi, late Congress leaders Motilal Vora and Oscar Fernandes, as well as Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering over the fraudulent takeover of properties valued at over ?2,000 crore belonging to Associated Journals Limited (AJL), which published the National Herald newspaper. "Can my friend (ED counsel) tell me why they were shy of placing the Memorandum of Association (MoA) of AJL? AJL was established in 1937 by Jawaharlal Nehru, J. B. Kripalani, Rafi Ahmed Kidwai, and others. "The AJL MoA said that the policy of AJL will be the policy of the
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. 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 AlCC. They (AJL) said we cannot repay you (AICC). Ordinarily, any prudent person .