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National Herald Case: Court to resume hearing against Sonia, Rahul today

Subramanian Swamy has sought documents from the Associated Journal Limited

ANI  |  New Delhi 

Rahul Gandhi, Congress VP, Rahul Gandhi in US, US
Congress Vice-President Rahul Gandhi. (Photo: @OfficeOfRG Twitter handle)

The Patiala House Court on Saturday will resume the hearing in the Herald Case, involving Party frontrunners and son Rahul Gandhi, among others.

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

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

After which, as per reports, the president and party vice-president filed their reply to the plea on July 22.

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 granted an interest-free loan of Rs. 90.25 crore to Associated Journals Limited (AJL), owner of the Herald newspaper.

He also alleged that did bungling in 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, September 23 2017. 09:40 IST
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