dadeechi
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National Herald case: Subramanian Swamy rejects Congress' vendetta claim; says 100% sure Sonia, Rahu
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Jai Bharat
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If India were like any other developed nation like US or Europe, then Rahul and Sonia would have already been in prison.
dadeechi
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Subramanian Swamy is a one man army and he knows his subject and does his homework very well. He should have never joined BJP.
HariPrasad
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had this thief family not been here, India would have been a developed nation. We saw an explosion in development after these thieves were dismental from the rein of Gujarat.
Jai Bharat
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I know
.If that fool Gandhi had actually followed his own mantras instead of playing favouritism with that useless egotist Nehru, things would have been much different. Patel could have been PM, and Bose would have been alive to be part of the first governments.
Once Bose papers come out Nehru will exposed as the fraud that he was.
dadeechi
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If that fool Gandhi had actually followed his own mantras instead of playing favouritism with that useless egotist Nehru, things would have been much different. Patel could have been PM, and Bose would have been alive to be part of the first governments.
Once Bose papers come out Nehru will exposed as the fraud that he was.
sycophancy pays in congress else you would be meet the fate of Bose, Sastri and PVN
Ex-union minister Narayanasamy holds slippers for Rahul Gandhi, says 'proud of it' | Zee News
Jai Bharat
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Congress needs to be destroyed and reformed under a more open system with more public participation. I don't even like AAP, but AK-47 seems like the only one capable of supplanting Congress right now. Everyone else in the party is a servant to the family first, and nation 2nd (if at all).
The late and honorable P. V. Narasimha Rao who finally put the country on the right track after decades of Nehru dynasty misrule was disgraced by that Italian women, because he saw through her lies.
Congress needs to continue losing, until they don't even control any state let alone the Centre.
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The 27-page judgment of the Delhi High Court in The National Herald case reveals no political vendetta.
In fact, the High Court on December 7 seems to have dismissed the petitions of the Congress leaders in order to give them a fair chance to clear the name of the “legendary national party.”
Justice Gaur writes that the case is “one of its kind” where the probity of a party of Congress's national stature is under scanner.
The High Court explains that it is too early to go into what “species of criminal offence is made out at this initial stage.” But it adds that it would be “preposterous” to deny criminality in transactions that, it feels, has left lakhs of citizens who donated to the party cheated.”
Here is The National Herald case in sum and substance as per court records:
Associated Journals Private Limited (AJL), a public limited company with immovable assets, formally closed printing and publication of newspapers like The National Herald, etc, in April 2008. At the time, it owed the Congress an accumulated debt of Rs. 90 crore the party had loaned it on interest free basis from time to time. This debt is considered an asset to the Congress.
The Congress declares that AJL has negative worth. It assigned the Rs. 90 crore debt owed to it by AJL to a charitable private company called Young Indian Private Company, which has a share capital of just Rs. 5 lakh. Accused Sonia Gandhi and Rahul Gandhi owns 38 per cent shares of the Young Indian. The private charitable company pays the Congress a sum of Rs. 50 lakh as consideration for transferring the Rs. 90 crore debt to it.
In December 2010, a large chunk of share equity in AJL goes to Young Indian in lieu of the Rs. 90 crore. The shareholding of the original 761 shareholders is reduced to 1 percent.
AJL eventually ends up becoming a wholly owned company of Young Indian, which did it by buying the Rs. 90 crore debt from the Congress for a mere Rs. 50 lakh.
Young Indian acquires complete control of AJL which has real estate assets of at least Rs. 2,000 crore in prime areas of New Delhi, Lucknow, Bhopal, Mumbai, Indore, Patna, Panchkula and other places. The conservative real estate worth of AJL is calculated at Rs. 5,000 crore.
Having possession of the vast real estate, the Young Indian declares that it will not engage in publishing a newspaper, including The National Herald, as it is against its declared objective.
National Herald House, a prime property in Bahadur Shah Zafar Marg given by the government for the purpose of publishing a newspaper at concessional rates, is used for commercial renting purposes.
The alleged nexus as per judgment: the Congress president (Sonia Gandhi), vice-president (Rahul Gandhi), general secretary (Motilal Vora), treasurer (Oscar Fernandes) are directors and shareholders of Young Indian. Mr. Vora and Mr. Fernandes are the Directors of AJL, while Mr. Vora is also the Chairman of AJL.
Accused number five and six are Suman Dubey and Sam Pitroda, who are both directors of Young Indian and AJL. The last accused is the company, Young Indian.
The nitty-gritty of The National Herald case - The Hindu
In fact, the High Court on December 7 seems to have dismissed the petitions of the Congress leaders in order to give them a fair chance to clear the name of the “legendary national party.”
Justice Gaur writes that the case is “one of its kind” where the probity of a party of Congress's national stature is under scanner.
The High Court explains that it is too early to go into what “species of criminal offence is made out at this initial stage.” But it adds that it would be “preposterous” to deny criminality in transactions that, it feels, has left lakhs of citizens who donated to the party cheated.”
Here is The National Herald case in sum and substance as per court records:
Associated Journals Private Limited (AJL), a public limited company with immovable assets, formally closed printing and publication of newspapers like The National Herald, etc, in April 2008. At the time, it owed the Congress an accumulated debt of Rs. 90 crore the party had loaned it on interest free basis from time to time. This debt is considered an asset to the Congress.
The Congress declares that AJL has negative worth. It assigned the Rs. 90 crore debt owed to it by AJL to a charitable private company called Young Indian Private Company, which has a share capital of just Rs. 5 lakh. Accused Sonia Gandhi and Rahul Gandhi owns 38 per cent shares of the Young Indian. The private charitable company pays the Congress a sum of Rs. 50 lakh as consideration for transferring the Rs. 90 crore debt to it.
In December 2010, a large chunk of share equity in AJL goes to Young Indian in lieu of the Rs. 90 crore. The shareholding of the original 761 shareholders is reduced to 1 percent.
AJL eventually ends up becoming a wholly owned company of Young Indian, which did it by buying the Rs. 90 crore debt from the Congress for a mere Rs. 50 lakh.
Young Indian acquires complete control of AJL which has real estate assets of at least Rs. 2,000 crore in prime areas of New Delhi, Lucknow, Bhopal, Mumbai, Indore, Patna, Panchkula and other places. The conservative real estate worth of AJL is calculated at Rs. 5,000 crore.
Having possession of the vast real estate, the Young Indian declares that it will not engage in publishing a newspaper, including The National Herald, as it is against its declared objective.
National Herald House, a prime property in Bahadur Shah Zafar Marg given by the government for the purpose of publishing a newspaper at concessional rates, is used for commercial renting purposes.
The alleged nexus as per judgment: the Congress president (Sonia Gandhi), vice-president (Rahul Gandhi), general secretary (Motilal Vora), treasurer (Oscar Fernandes) are directors and shareholders of Young Indian. Mr. Vora and Mr. Fernandes are the Directors of AJL, while Mr. Vora is also the Chairman of AJL.
Accused number five and six are Suman Dubey and Sam Pitroda, who are both directors of Young Indian and AJL. The last accused is the company, Young Indian.
The nitty-gritty of The National Herald case - The Hindu
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