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What Is The National Herald Case ? Here Are Full Details

The National Herald was an Indian newspaper established in 1938 by Jawaharlal Nehru. The paper finally ceased operations in 2008. Begun by Nehru at a time when he seemed unable to make an impact on the reactionary tendencies of the Congress Party it served as his mouthpiece allowing him to address and endorse unpopular stances that he would not have been able to defend as a politician through his editorial pieces for the paper. While the paper suffered from financial troubles from the outset and was shut down briefly in the 1940s and 1970s, it finally ceased operations in 2008
and its assets and liabilities were acquired by a company named Young Indian in which the Congress president and her son hold more than three fourths equity.
BJP leader Subramanian Swamy had filed a complaint before the trial court in 2012, alleging that Congress leaders were involved in cheating and breach of trust in the acquisition of Associated Journals Ltd (AJL) by Young Indian Pvt Ltd (YIL), as assets worth crores of rupees had been transferred to YIL.
Swamy has alleged that YIL, which has Congress president Sonia Gandhi and vice president Rahul Gandhi on its board of directors, had “taken over” over the assets of the defunct print media outlet in a “malicious” manner to gain profit and assets worth over Rs 2,000 crore. Apart from the Gandhis, Congress treasurer Motilal Vora, general secretary Oscar Fernandes, journalist Suman Dubey and technocrat Sam Pitroda were also named in the case.

Swamy has alleged that YIL had paid just Rs 50 lakh to obtain the right to recover Rs 90.25 crore that AJL had owed to the Congress party, given earlier as a loan to start the newspaper. According to documents, 76 per cent of shareholding of YIL is with Sonia Gandhi and Rahul Gandhi, while the remaining 24 per cent vests in the others named in the case. The complaint has also alleged that the loan given to AJL was “illegal”, as it had been taken from party funds.


Lok Sabha And rajya Sabha Adjourned Due To Congress Protest there For Court
Summons. Which Was According to law.

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