Metropolitan Magistrate Gomati Manocha, who issued the summons on Thursday to Congress president Sonia Gandhi and vice-president Rahul Gandhi asking them appear before it on August 7 on the basis of a complaint filed by BJP leader Subramanian Swamy alleging that they had fraudulently acquired Associated Journal Ltd., said: “Young Indian was in fact created as a special purpose vehicle for acquiring control over Rs. 2,000 crore worth of assets of the AJL and since all the accused have allegedly acted in consortium with each other to achieve the said nefarious purpose/design, there are sufficient grounds for proceeding against all of them.”

Ms. Manocha held that the accused not only committed “criminal breach of trust but also formed Young Indian to acquire control over the assets of AJL. Young Indian is not involved in any business activity. Thus, the rent/revenue generated by properties belonging to AJL is being dishonestly misappropriated by its directors who enjoy absolute control over AJL’s properties.”