New Delhi: Janata Party chief Subramanian Swamy has decided to file a petition before the Election Commission of India seeking de-recognition of the Congress party.

Swamy tweeted early morning on Saturday, "After the Congress confession of the loan crime, I am filing a petition today before the ECI seeking de-recognition of Congress party."

Earlier on Friday, Congress party rejected allegations levelled by Subramanian Swamy and maintained that its support to National Herald newspaper was interest free loans yielding no commercial profit to the party.
After the party spokesman and other top leaders during the day refused to go into Swamy's allegations, the party came out its position in a late night press release.
Congress General Secretary Janardan Dwivedi said in the release that the Congress has done its duty in supporting The Associated Journals Limited to help initiate a process to bring the newspaper back to health in compliance with the law of the land.
"This support was extended by the Indian National Congress in the form of interest-free loans from which no commercial profit has accrued to INC," the release said.
On Thursday Swamy addressed a press conference in which he alleged that Congress party gave a loan of Rs 90 crores to Associated Journals that published the now defunct National
Herald and Quami Awaz, which was in violation of Income Tax and election laws.
He had also said that a new company Young Indian was floated to take over the functioning of Associated Journals by Sonia and Rahul to grab a prized building in the capital and renting it out in violation of laws.


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