Congress and its connections: Allegations and responses in land fraud case

THE BACKGROUND: AICC transfers Rs 90-crore loan it has given to Associated Journals Pvt Ltd (AJPL) — which used to run National Herald and Quami Awaz Newspapers — to Young Indian for a consideration of Rs 50 lakh. Young Indian is majority owned by AICC president Sonia Gandhi and her son, Rahul Gandhi. After the loan is transferred to Young Indian, AJPL — which owns properties in New Delhi and UP — issues 90.2 million shares to Young Indian. Janata Party President Subramanian Swamy alleges these transactions violated several regulations, including The Representation of the People Act and Income-Tax Act. ET takes a look at the allegations, responses and the issues at stake.