The National Herald scam is an ongoing case in Delhi court filed by Indian economist and politician Subramanian Swamy against politicians Sonia Gandhi and Rahul Gandhi, their company and those who related. As per the complaints filed in the court of the Metropolitan Judge, the Indian National Congress granted an interest-free loan of INR 90.25 crore (US $ 13 million) to Associated Journals Limited (AJL) the National Herald newspaper founded by Jawaharlal Nehru and other independence fighters in 1938. It was alleged that the loan was not paid or paid in cash, which was a violation of Section 269T of the Income Tax Act, 1961. A firmly held firm, Young India, was founded in November 2010 with a capital of
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Associated Journals Limited
Associated Journals Limited (AJL) is a privately owned, unlisted publicly listed company, established on November 20, 1937, with its registered office at Herald House, 5-A, Bahadur Shah Zafar Marg, New Delhi. It was the idea of ​​Jawaharlal Nehru but it never belonged to him personally as it began with the support of about 5,000 independence fighters who became shareholders of AJL. The company's capital is INR 5 lakh (US $ 7,500) divided into 2,000 privileges worth INR 100 (US $ 1.50) and 30,000 common shares (equity) are valued respectively INR 10 (15Ã, Â ¢ US). In addition to Nehru, the AJL Memorandum of Understanding was signed by supporters such as Purushottam Das Tandon, Dev Acharya Narendra, Kailash Nath Katju, Rafi Ahmad Kidwai, Krishna Dutt Paliwal and Govind Ballabh Pant. The company does not belong to a particular person, nor does it want to be associated with any business except news. AJL has 1,057 shareholders as of September 29, 2010 in accordance with the annual returns filed by the company with the Company Registrar.
Motilal Vora has been chairman and managing director of AJL since March 22, 2002. The Company has incurred losses before its ownership was transferred to Young India in 2011.
AJL publishes the National Herald newspaper in English, Qaumi Awaz in Urdu and Navjeevan in Hindi to 2008. AJL also owns real estate property in various cities. including New Delhi, Lucknow, Bhopal, Mumbai, Indore, Patna and Panchkula. The real estate value owned by AJL is estimated to be at INR 50 billion (US $ 750 million). The AJL property includes Herald House, a six-story building with approximately 10,000 square meters of office space.
On January 21, 2016, AJL at a meeting in Lucknow decided to relaunch three daily, the National Herald and the publications of his brother, Quami Awaz and Navjivan.
After the Delhi High Court rejected Sonia Gandhi's appeal and others opposed the summons issued by the court, many AJL shareholders have alleged that no notices are served by AJL for any shareholder meeting and that the shares held by their fathers have been transferred by AJL to Young Indians are fraudulently without their consent in December 2010. These include people such as former law minister Shanti Bhushan and former head of Allahabad judge and Madras High Court Markandey Katju.
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Young Indian
Young Indian is a privately-restricted private company, established on November 23, 2010 with capital 5 lakh (US $ 7,500) and its registered office at 5A, Herald House, Bahadur Shah Zafar Marg, Delhi. On December 13, 2010, Rahul Gandhi was appointed as India's young director while Sonia Gandhi joined the board on January 22, 2011. The 76 percent share of the company is held by Sonia Gandhi and Rahul Gandhi together and the rest is held by Congress leaders Motilal Vora and Oscar Fernandes (respectively) each 12 percent). This is described by Rahul Gandhi's office as a "non-profit company" that does have commercial operations.
Case
On 1 November 2012, Subramanian Swamy filed a private complaint in a court in Delhi alleging that both Sonia Gandhi and Rahul Gandhi had committed fraud and land grabs worth INR 16 billion (US $ 240 million by acquiring a limited company called Associated Journals Limited (AJL) through their private company, Young Indian, claiming that, through this scam, they have obtained the publication rights of the National Herald newspaper and < iwa Awaz Aaches, with real estate properties in Delhi and Uttar Pradesh, alleging that the venues earned were provided by the government only for newspaper purposes, but were used to run a passport office with a rental income of millions of rupees.
His complaint in court further stated that, on February 26, 2011, AJL approved the transfer of unsecured loan INR 90 crore (US $ 13 million) from the All India Congress Committee without interest shares of the company as much as ninety million (9 crore) of INR 10 (15 Â ¢ US) each to Young Indian. Swamy argues that it is illegal for a political party to lend money for commercial purposes under Section 29A for C from the Representation of the People's Law, 1951, and Section 13A of the Income Tax Act, 1961, and to demand investigation by the Central Bureau of Investigation (CBI ) and de-recognition of the Indian National Congress party to use public money. On November 2, 2012, the party replied that the loan was granted only to revive the National Herald newspaper without commercial interest.
The trial of a criminal case was taken by the judge on various dates while the defendants opposed the petition and asked the judge to dismiss him. The court finally observed that the evidence of prima facie against all the defendants was found. The court issued a summons to the defendants to appear in court to defend themselves against all allegations made in Swamy's complaint.
On June 26, 2014, Metropolitan Magistrate Ms. Gomati Manocha summoned Sonia Gandhi, Rahul Gandhi, Motilal Vora, Oscar Fernandes, Suman Dubey, and Satyan Pitroda to appear in court on August 7, 2014. He said that according to evidence so far, "it appears that YIL is actually made as a fake or cloak for convert public money into private use "to gain control over INR 20 billion (US $ 300 million) of AJL assets. The court noted that all persons alleged to have allegedly acted "in consortium with each other to achieve evil design/objectives".
Appeal in Delhi High Court and Supreme Court
The defendants appealed in Delhi High Court against the summons issued by the judge. On August 1, 2014, Swamy contacted notice to file a reply in the High Court. On August 28, 2014, the metropolitan court remains December 9, 2014 for the next hearing. On January 12, 2015, a Delhi High Court judge resigned not to listen to the case and ordered the petition to be directed towards the appropriate bench.
On January 27, 2015, India's Supreme Court asked Swamy to file a case for a speedy trial at Delhi High Court listening to Sonia Gandhi's and other calls against the summons issued to them by the court. At the request of Sonia Gandhi and others, the Supreme Court Justice to submit the case to Justice Sunil Gaur again.
On August 1, 2014, the Directorate of Enforcement initiated an investigation to find whether there was money laundering in this case. On September 18, 2015, it was reported that the Enforcement Directorate had reopened the investigation.
On December 7, 2015, the Delhi High Court rejected Sonia Gandhi's appeal, Rahul Gandhi, and five others including Motilal Vora, Oscar Fernandes, Suman Dubey and Satyan Pitroda, and ordered them to appear personally before the court on 9 December. The Delhi High Court said in its verdict Dec. 7, 2015 noted "criminal intent."
On February 12, 2016, the Supreme Court granted the release of all five defendants in this case from personal appearance while refusing to cancel the proceedings against them. Then on July 12, 2016 the Delhi High Court ruled out a court ruling that allowed the examination of balance sheets and other documents from the Congress party and two other companies, AJL and Young Indians. The next hearing in court is scheduled for 20 August.
Trial in court trial
On December 7, 2015, Delhi High Court ordered Sonia Gandhi, Rahul Gandhi and five others to appear personally before the court on 9 December. They do not appear in court and, at the request of their lawyers, the court courts order them to appear before him personally on December 19th. He forbade their request for exceptions from personal appearances. On December 19, 2015 the House court of Patiala granted a guarantee to all but one and ordered them to appear in court on the date of the next hearing of 20 February 2016.
On March 11, 2016 trial trials were allowed, upon hearing Swami's petition to examine the balance sheets of INC, AJL and Young Indian from 2010 to 2013, which were later canceled by the Delhi High Court.
On May 26, 2018 the Subramanian Swamy app in the National Herald case was dismissed by a Delhi court
See also
- Panchkula-AJL land scam
References
Source of the article : Wikipedia
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