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.
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.