Swamy to approach EC seeking derecognition of Congress

Janata Party chief Subramanian Swamy has decided to approach Election Commission seeking derecognition of Congress for providing a Rs 90 crore loan to a company that published the now-defunct National Herald newspaper.

Swamy said he will petition to derecognise Congress with the Election Commission, alleging the party violated Income Tax laws by entering into a commercial deal. Swamy had targeted Sonia Gandhi and Rahul Gandhi raising questions over acquisition of Associated Journals that published the newspaper to which Congress gave a loan of over Rs 90 crore. He had said Associated Journals obtained an unsecured loan of over Rs 90 crore from AICC which he claimed was illegal under Income Tax Act because a political party cannot give loans for commercial purposes.