National Herald Case: Delhi’s Patiala Court adjourns hearing

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Delhi, Sept 23: Delhi’s Patiala House Court adjourned the next hearing to 18 November in National Herald Case.

The newspaper came to limelight after Bharatiya Janata Party (BJP) leader Subramanian Swamy filed a case in 2012 against Sonia Gandhi, Rahul Gandhi, Congress treasurer Motilal Vora, party leaders Oscar Fernandes, Suman Dubey and Sam Pitroda.

On July 1, Delhi court sought a reply from Sonia Gandhi, Rahul Gandhi and other party leaders on Swamy’s plea.

Following which the Congress president and party vice-president filed their reply on July 22 in this regard.

Swamy, in his new application, sought documents from the Associated Journal Limited (AJL), including the copy of the ledger extract, bank statement filed with Registrar of Companies (ROC), minutes of the meeting in which the decision to convert the loan into share capital was taken, balance sheet, profit and loss account with Auditors Report in the year in which the loan was taken.

In the case drawn since 2012, Swamy’s application alleged that the Congress granted an interest-free loan of Rs. 90.25 crore to Associated Journals Limited (AJL), owner of the National Herald newspaper.

He also alleged that Congress did bungling on the loan and it was not repaid and that Sonia and Rahul were made directors of a company – Young Indian – in November 2010, which acquired almost all the shareholding of the AJL and all its properties, reportedly worth Rs. 5,000 crore.

Wefornews Bureau

 

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