Latest news with #SamPitroda
Hans India
29-07-2025
- Politics
- Hans India
Court likely to pass order on chargesheet cognisance on Jul 29
New Delhi: A Delhi court would likely on Tuesday pronounce its order on the aspect of cognisance of the Enforecement Directorate's charge-sheet in the 'National Herald' case involving Congress' Sonia and Rahul Gandhi. Special judge Vishal Gogne on July 15 reserved the order after taking into account the submissions on the aspect of cognisance from both sides. The court had been hearing the submissions on the point of cognisance by ED and the proposed accused on a day-to-day basis from July 2. The ED has accused the Congress leaders, late party 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 alleged fraudulent takeover of Rs 2,000 crore worth properties belonging to Associated Journals Limited (AJL), which published the National Herald newspaper. The ED alleged theGandhis held the majority 76 per cent shares in Young Indian, which allegedly fraudulently usurped the assets of AJL in exchange for a ?90 crore loan. The charge-sheet names the Gandhis, Sam Pitroda, Suman Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise Pvt Ltd.
Time of India
28-07-2025
- Business
- Time of India
National Herald case: Court likely to pass order on chargesheet cognisance on Jul 29
A Delhi court would likely on Tuesday pronounce its order on the aspect of cognisance of the Enforecement Directorate 's chargesheet in the National Herald case involving Congress' Sonia and Rahul Gandhi . Special judge Vishal Gogne on July 15 reserved the order after taking into account the submissions on the aspect of cognisance from both sides. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity healthcare Others CXO Public Policy Digital Marketing Artificial Intelligence Data Analytics MBA Finance Data Science Project Management MCA Operations Management Design Thinking Product Management Healthcare others PGDM Degree Management Leadership Technology Data Science Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The court had been hearing the submissions on the point of cognisance by ED and the proposed accused on a day-to-day basis from July 2. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 40+ Celebrity Couples When They First Got Together vs. What They Look Like Now BridesBlush Undo The ED has accused the Congress leaders, late party 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 alleged fraudulent takeover of Rs 2,000 crore worth properties belonging to Associated Journals Limited (AJL), which published the National Herald newspaper. The ED alleged the Gandhis held the majority 76 per cent shares in Young Indian, which allegedly fraudulently usurped the assets of AJL in exchange for a ₹90 crore loan. Live Events The chargesheet names the Gandhis, Sam Pitroda, Suman Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise Pvt Ltd.
Time of India
07-07-2025
- Business
- Time of India
National Herald: IT dept said 90 cr loan sham transaction, how's ED filing case? asks Young Indian
Young Indian on Monday argued that the income tax department had called the purported Rs 90 crore loan to Associated Journals Limited (AJL), publisher of the National Herald newspaper, a sham transaction saying "monies never flew", but it became the basis of the ED's case. The Enforcement Directorate (ED) has accused Sonia and Rahul Gandhi , late Congress leaders Motilal Vora and Oscar Fernandes, Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering over the fraudulent takeover of properties valued at over Rs 2,000 crore belonging to AJL, which published the National Herald newspaper. ED alleges Gandhis held the majority 76 per cent shares in Young Indian, which fraudulently usurped assets of AJL, in exchange for a Rs 90 crore loan. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Referring to the income tax department's purported statement, Young Indian's counsel on Monday asked, "If two arms of the government are taking a different stance, how is the offence possible?" He argued that the complaint "was covered with absurdities" and had "inherently improbable allegations". Live Events "The ED was statutorily required to test the veracity of the allegations. Not even a superficial probe was conducted. The complaint is not by a public servant but by a private citizen. How does Swamy come to the figure of Rs 2,000 crore?" the counsel further asked. The lawyer pointed out that according to the income tax department Rs 90 crore loan was a sham transaction and monies never flew. Senior advocate Pramod Kumar Dubey, appearing for another accused Dotex Merchandise Pvt Ltd, said the ED "wrongly proceeded" to file the ECIR (equivalent to an FIR) in the absence of a registered copy of the complaint by BJP leader Subramanian Swamy . He argued certain documents in the case, including those regarding repayment of loan, interest charged on it, and others, were suppressed by the agency. "ED had proceeded wrongly in this case, as they had proceeded without obtaining certified copy of the complaint (by Subramanian Swamy) in the predicate offence, while registering the Enforcement Case Information Report (ECIR) on June 30, 2021," Dubey argued. He continued, "One could be the best chef in the country but one could not possibly make biryani without rice. The approach of the ED was to miss the trees for the woods." Dubey said the agency took different stands while defining proceeds of crime, at different stages. Counsel for Dotex, Suman Dubey, Sam Pitroda and Young Indian on Monday refuted ED's arguments on the point of cognisance of the chargesheet against them. Gandhis too have previously contested the ED's claims. Pitroda's counsel said his client, now based in Chicago, hadn't been ascribed a specific role for the alleged offence and he did "everything within the ambit of the law". "It is alleged that I indirectly tried to gain properties of AJL. This is not tenable because shareholding does not confer right to property. My credentials and conditions should be considered. There was a scheme to revive the properties of AJL; to keep the publication alive. Vicarious liability cannot be fastened on me alleged offence," the counsel argued. Suman Dubey's counsel, on the other hand, argued the complaint did not disclose generation of proceeds of crime. "It is alleged that the letter by which the loan was sought was signed by Suman Dubey. I do not know the genesis of Dotex Merchandise. At the time when the laon was taken, it was a Non Banking Finance Company (NBFC), permitted by the RBI," he argued. Calling it a "fallacious case", the counsel said, "Everything that AJL and Young Indian did were within their sovereign functions. There is no corporate veil to be pierced. Every aspect of the transaction; the conduct of AJL and Young India; is in public domain." The arguments on behalf of Dotex would continue on July 8. The ED chargesheeted Congress leaders Sonia Gandhi , Rahul Gandhi and others under Sections 3 (money laundering) and 4 (punishment for money laundering) of the Prevention of Money Laundering Act (PMLA).
Hans India
24-04-2025
- Politics
- Hans India
Report Alleges Mossad Targeted Sam Pitroda's Servers Over Suspected Political Links
Israeli intelligence agency Mossad is said to have secretly hacked the home servers of Sam Pitroda, head of the Indian Overseas Congress (IOC) and a close advisor to Rahul Gandhi. This information was reported by Sputnik India, citing unnamed sources. The alleged goal of the operation was to uncover evidence linking the Indian opposition to Hindenburg Research, the firm that released a controversial report in 2023, severely damaging Gautam Adani's business empire. Mossad reportedly discovered encrypted chatrooms and undisclosed communication channels, suggesting links between Rahul Gandhi and the Hindenburg Research team. The aim, according to sources, was to harm both Adani and Prime Minister Modi. These claims have not been independently verified, and no official comments have been made by the Israeli government, Mossad, Sam Pitroda, Rahul Gandhi, or the Indian National Congress. In January 2023, Hindenburg Research accused the Adani Group of stock manipulation, accounting fraud, using offshore shell companies to inflate stock prices, and holding excessive debt. The Adani Group denied these allegations, calling the report "malicious" and "baseless."
News18
24-04-2025
- Business
- News18
Mossad Intel Revealed Rahul Gandhi 'Coordinated' With Hindenburg Research: Report
Last Updated: The motive behind the intrusion by Mossad was to seek evidence linking the Indian opposition to Hindenburg Research, the report claimed. Israel's intelligence agency, Mossad, conducted a covert operation to hack into the home servers of Sam Pitroda, the head of the Indian Overseas Congress (IOC) and a key political strategist for Congress MP Rahul Gandhi, Sputnik India reported, citing unnamed informed sources. The motive behind the intrusion by Mossad was to seek evidence linking the Indian opposition to Hindenburg Research whose report triggered major financial repercussions for the Adani Group. According to Sputnik India's sources, Mossad found links between Rahul Gandhi and the Hindenburg Research team, with the aim of undermining both Gautam Adani and Prime Minister Narendra Modi. The report claimed that the alleged hacking of Sam Pitroda's US-based home servers purportedly 'exposed" encrypted chatrooms and undisclosed backchannels of communication. The Sputnik India report has yet to be independently verified, and neither the Israeli government nor Mossad have issued any official statement regarding these allegations. Similarly, there has been no immediate reaction from Sam Pitroda, Rahul Gandhi or the Congress party. Hindenburg's Allegations Against Gautam Adani Hindenburg Research's January 2023 report leveled serious accusations against the Adani Group, alleging stock manipulation and accounting fraud. The report claimed that the Adani Group artificially inflated stock prices through accounting practices and the use of numerous offshore shell entities in tax havens. These entities were used to generate fake turnover, siphon funds, and manipulate stock prices via 'wash trading", Hindenburg noted as it also raised concerns about the Adani Group's high debt levels and financial stability. The report also alleged that Gautam Adani's listed companies were significantly overvalued. The Adani Group has strongly refuted these allegations. First Published: April 24, 2025, 12:11 IST
