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NEW DELHI: India’s financial crime-fighting agency wants to question the two most senior members of the Nehru-Gandhi dynasty, who lead the main opposition Congress party, as it investigates a complaint of money laundering, the party said on Wednesday.

The summons by the enforcement directorate is linked to a nine-year old complaint by a lawmaker of Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) against Congress President Sonia Gandhi and her son Rahul, the party said.

The lawmaker, Subramanian Swamy, had accused the Gandhis of forming a shell company and illegally gaining control of properties worth $300 million.

“A disgusting and cowardly conspiracy is being hatched against the leadership of the Indian National Congress to mislead the country,” the Congress party said in a statement that condemned the notice sent to the Gandhis.

“The entire party and every worker will stand shoulder to shoulder with them and we will fight and win this attack on the country’s democracy.”

The assets in question had belonged to a firm that published the National Herald newspaper, founded in 1937 by India’s first prime minister, Jawaharlal Nehru, who was Rahul Gandhi’s great grandfather.

For his part, Swamy welcomed the action by the enforcement directorate and said he hoped they would be jailed, adding on Twitter, “From bail to jail as soon as possible.”

An enforcement directorate spokesperson declined to comment. It was not immediately clear why the agency was acting now.

Congress ruled for decades after its founders led India to independence in 1947 from British colonial rule. But its fortunes have declined precipitously since the BJP easily defeated it in the general elections of 2014 and 2019.

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samir sardana Jun 01, 2022 09:28pm
Indian Media Conversion operation - Part 1 Corporate X pays Rs 10 crores to Media House A,for advertisements.A is a loss making company (on paper).X gets a 30% tax credit on the advert cost,and A uses this inflow to offset the artificial,tax assessed brought forward losses.The owner of X,then gets 30% of the advert paid to A,back in cash ! So we have a Win-Win-Win ! Then A claims TDS refund on the advert fees paid by X - WHICH IS A SUPERPROFIT ! SO X PAYS ONLY RS 4 CRORES AND A GETS RS 10 CRORES IN HIS BOOKS - TAX FREE - AND HAS CONVERTED RS 3 CRORES OF CASH SLUSH FUNDS,INTO WHITE TAX ASSESSED FUNDS (for free !) ! dindooohindoo In reality,A has no losses and the booked losses and tax asssessed losses,are based on inflated costs - which are easy to do,ONLY IN THE MEDIA BUSINESS ! Since it is the media,no taxman will question the assessed losses ! After all,THERE IS NO BAR TO MAKING A LOSS AND STILL DOING BUSINESS !
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samir sardana Jun 01, 2022 09:33pm
Indian Media Conversion Operation - 2 How does A generate the cash ? Simple - by blackmail ! The 2nd option is that,A is actually owned by netas - & it is the neta's cash which is used for working capital ! The rate for rotating the cash of the politicians, in media entities,is half the SBI PLR (Medium term PLR).Banks do not lend to loss making media outlets NOW PEOPLE SAY,WHAT WILL "A" DO WITH THE RS 10 CRORES,OF TAX FREE RECEIPT of Advertisement fees ! SIMPLE ! THERE IS A MR. C WHO IS IN THE MEDIA BUSINESS ! HE WANTS A LOAN OF RS 10 CRORES ! BANKS WANT HIM TO SHOW EQUITY OF 4 CRORES ! MR C HAS CASH OF 4 CRORES ! “C” ASKS “A” ,TO WIRE HIM 3.5 CRORES,AS AN EQUITY INVESTMENT IN HIS COMPANY - & GIVES RS 4 CRORES IN CASH TO A. A HAS A PROFIT OF 50 LACS OR 15% IN 1 DAY ! MR X GOES TO THE BANK - SHOWS THE EQUITY,& FROM A MEDIA HOUSE,& GETS THE LOAN ! "A" - THEN USES THAT CASH AGAIN,TO PAY OFF X,FOR A NEW ADVERTISEMENT ............ & SO,THE STORY GOES ON ! dindooohindoo
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