What is National Herald Scam and why Sonia, Rahul Gandhi are summoned to court: Explained

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Sonia Gandhi and Rahul Gandhi, Congress President and Vice President respectively were summoned by a court in Delhi in connection with National Herald scam case.

Congress has been holding protests across the country claiming that it was nothing but political vendetta against the Gandhis. Anti-Narendra Modi posters were surfaced at several places in India.

Rahul and Sonia Gandhi

What is National Herald Scam?

  • BJP leader Subramanian Swamy alleged that the Gandhis formed a company, Young India (YIL), in 2010.
  • Both Sonia and Rahul have 38 percent share each in the company.
  • The Gandhis took control of Rs 2,000 crore worth of assets of Associated Journals Ltd (AJL).
  • AJL used to publish the National Herald.
  • The National Herald was started in 1938 by Jawaharlal Nehru.
  • The paper lost circulation and ran into major financial losses.
  • The paper was closed in 2008.

What are Subramanian Swamy's allegations against the Gandhis?

  • Gandhis allegedly closed AJL in 2008 due to financial crisis.
  • Sonia, Rahul stopped printing the National Herald and sister publications Navjivan (Hindi) and Qaumi Awaz (Urdu), which were saddled with huge unpaid debts.
  • Gandhis received interest-free loan of Rs 90.25 crore from the Congress and the party transferred the debt to YIL for Rs 50 lakh.
  • To resolve the financial crisis, AJL transferred the share equity to Young India.
  • The Gandhis made a mere payment of Rs 50 lakhs without taking any reference from the shareholders. Young India thus acquired the complete ownership of AJL real estate assets.
  • The assets are worth Rs 2,000 crores, including a multi-storey building in a prime location in Delhi.

Who are the accused in the case?

Sonia Gandhi, Rahul Gandhi, Suman Dubey, Moti Lal Vohra, Oscar Fernandez, Sam Pitroda.

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