National Herald Scam: Sonia, Rahul Gandhi tense as Delhi High Court to pronounce order today

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National Herald Scam
New Delhi, Aug 1: Congress President Sonia Gandhi and Vice President Rahul Gandhi might be very tense as Delhi High Court will pronounce its order on National Herald scam on Friday, Aug 1.

The Gandhis, who have been facing criticism ever since their names have come up in the case, had moved the high court submitting a petition against Subramanian Swamy.

The Gandhis and a few other Congress leaders were summoned in the court in connection with the case. Other leaders, who were summoned, were Motilal Vora and senior Congress member Oscar Fernandes.

According to sources, Congress is hoping that the Gandhis, who have been summoned for misappropriation of funds, will get relief.

Subramanian Swamy's allegations against the Gandhis:

The complaint alleged that the Gandhis formed a company, Young India, in 2010 with 38 percent share each to take control of Rs 2,000 crore worth of assets of Associated Journals Ltd, which published the National Herald.

The National Herald was started in 1938 by Jawaharlal Nehru. Over the decades, it lost circulation and ran into major financial losses, leading to its closure in 2008.

According to Subramanian Swamy, the offense was made possible because of the Gandhis' "crony control over the Congress party and AJL".

The BJP leader alleged that they closed AJL in 2008 due to financial crisis and stopped printing the National Herald and sister publications Navjivan (Hindi) and Qaumi Awaz (Urdu), which were saddled with huge unpaid debts.

To resolve the financial crisis, AJL transferred the share equity to Young India by 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 of at least Rs 2,000 crores, including a multi-story building in a prime location in Delhi.

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