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This is an archive article published on June 15, 1997

Cong ordered to submit proof on source of funds

NEW DELHI, June 14: The Congress party has been ordered under the Foreign Contributions Regulation Act to produce evidence certificated by ...

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NEW DELHI, June 14: The Congress party has been ordered under the Foreign Contributions Regulation Act to produce evidence certificated by a chartered accountant to establish that the Rs 3.75 crore it received as donations were not from phantom companies.

To this end, the party will have to produce audited evidence that the three donors – Diera Trading Limited, Dominion Trading Limited and Decor Trading Limited – are genuine companies run by Congress-sympathising Non Resident Indians (NRI) who hold at least 51 per cent stake in them.

The party will also have to identify the NRIs by name and the audited statement will have to prove that the donations were made out of their taxable income.

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Significantly, investigators working on the case have been unable to trace the principals of the three private limited companies.Meanwhile, the All India Congress Committee (AICC) is planning to hold its plenary session in Calcutta from August 7 to 10.

The West Bengal Pradesh Congress Committee (WBPCC) spokesman, Manas Bhuniya, today said that the AICC president had given the go ahead signal to the PCC chief, Somen Mitra, to make preparations for the plenary session when the latter met him during the day.Mitra had earlier offered to host the Congress plenary in Calcutta.

Bhuniya said that the Netaji Indoor Stadium, where the AICC session was held in 1983, would be the venue.Meanwhile, in Thrissur, senior Congress leaderK Karunakaran today said the AICC constitution had no provision for the appointment of a working president for the party. He said prior to appointment of the working president, necessary amendments should be made to the party constitution to ensure that such an appointee could function effectively.

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