Ed commits vendetta to Congress: Chidambaram

Congress leader and former Finance Minister P Chidambaram held a press conference on the National Pioneer case in New Delhi’s party office on Monday. |Picture source: ANI

Senior Congress leader P. Chidambaram said on Monday (April 21, 2025) that the Enforcement Bureau is committing a vendetta against leaders of the main opposition Congress at the request of former Congress chiefs Sonia Gandhi and Rahul Gandhi at their political masters. National pioneer case.

“No money. Without money, there is no gain of crime’. Without “profits of crime”, there is no money laundering. Without money, there is no money laundering. Without money laundering, there is no jurisdiction.” He added that the attack on the integrity and reputation of Sonia Gandhi and Rahul Gandhi was a blatant abuse of power, and the entire Congress party would resist, fight back and defeat the political attacks on the leaders. “The truth will prevail. Justice will prevail. We will prevail.” Mr Chidambaram said.

ED filed a charge on April 9 for the name Sonia Gandhi, Rahul Gandhi and others filed a special court in the National Herald in a special court in Delhi, accusing them of washing Rs 98.8 crore. Congress plans to hold a series of press conferences nationwide between April 21 and 24 to “expose the BJP’s lies” and to oppose the “political motive” allegations.

Facts of the case

Senior Congress leader said the facts of the case were raised. National pioneer Owned by Association Journals Limited (AJL), which was registered in 1937-38. He said that over time, the AJL caused huge losses, and between 2002 and 2011, the Congress party stepped in through checks and made senior payments totaling Rs 90 crore to pay outstanding debts, including wages and wages. He said the decision was made to reorganize the company under legal advice, and in 2010, a new company, the young Indian company formed a nonprofit company and had four shareholders, all of which were heads of the senior office of the Congress party.

Mr Chidambaram said Yi handed over the Rs 900 crore loan from the Congress party to AJL after considering paying Rs 5 million. Yi became AJL’s lender. Since AJL was unable to save the loan, the two companies decided to convert the loan into equity, so AJL issued the stock to YI. “Yi is a non-profit company. Even if it profits from Article 25 (now Section 8), it cannot give or distribute salary or dividends to its shareholders. Because the company is formed, no young Indians pay a single rupee to its directors or shareholders,” said Mr Chidambaram.