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Sonia Gandhi has invested in Anil Ambani led mutual funds, reveals her election affidavit

Amit Agrahari by Amit Agrahari
12 April 2019
in Trending
Sonia Gandhi has invested in Anil Ambani led mutual funds, reveals her election affidavit
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Sonia Gandhi filed her nomination from Rae Bareli constituency. According to her affidavit, She has invested 2, 44, 96,405 rupees, including the Reliance Hybrid Bond G. Reliance Mutual Fund which is owned by Anil Ambani. Congress has repeatedly alleged that Modi government illegally gave the Rafale offset deals to Reliance Defense at the expense of Hindustan Aeronautics Limited. Sonia Gandhi has 60,000 rupees in cash and 72, 25,414 rupees in postal savings, insurance policies and National Savings Scheme (NSS). She also has 60,000 rupees of cash and owns agricultural land in Deramandi village in New Delhi which is worth more than 7 crore rupees. In light of Rahul Gandhi’s repeated attacks on Anil Ambani, Sonia Gandhi’s investment in Ambani led group seems a bit hypocritical. 

She has inherited property worth 7,52,81,903 rupees and jewelry worth 59,97,211 including 88 kg of silver. The question to be asked is how Sonia Gandhi amassed such a huge wealth despite the fact that she has been employed anywhere except holding the position of party president. The other obvious question is why she invested more than 2.4 crore rupees in a company owned by Anil Ambani whom her calls corrupt and ‘chor businessman’. Anil Ambani is planning to exit the MFs business as he invited Partner Nippon Life Insurance to takeover Reliance Nippon Life Asset Management.

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Previously, the government has decided to collate all contracts awarded to Anil Ambani led Reliance Group during UPA era. Preliminary enquiries has revealed that contracts worth 1, 00,000 crore were awarded to Anil Ambani’s businesses in last seven years of UPA government. The data is being collated from key ministries such as power, telecom, road transport and highways as well as government entities like the National Highways Authority of India, Mumbai Metropolitan Region Development Authority and Delhi Metro Rail Corporation. 

The official has found many discrepancies in the deals awarded to Anil Ambani’s companies in the field of infrastructure and telecommunications. The deals to these companies were awarded in record time and they had grown exponentially in the infamous second term of UPA government.

The deals awarded to major companies of Anil Ambani led Reliance Group which includes Reliance Communications, Reliance Capital, Reliance Power, Reliance Infrastructure, Reliance Natural Resources and Reliance Media-Works is being examined. Reliance group won 70,000 crore deal in power sector alone including power plants in Madhya Pradesh as well as many deals in infrastructure like  Mumbai Metro’s line 1, Delhi Airport Metro Express line and road construction on Delhi-Agra, Bengaluru-Chennai, Pune-Satara and Jaipur-Bikaner segments.

The idea is to put the business deals Anil Ambani led Reliance group got during UPA government to give public a perspective on that every business house gets deals during any government. It is obvious to award contracts to companies with huge capital, therefore, things could be done on time. Congress party has accused Modi government of crony capitalism without naming a single beneficiary on the side of government.

Tags: Anil AmbaniRahul GandhiSonia Gandhi
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