National herald case explained

Congress leaders Rahul Gandhi and Sonia Gandhi are being questioned by the Enforcement Directorate in a case of alleged money laundering. At the heart of the case is an old newspaper called the National Herald. What is the National Herald case? How are the Gandhis linked to it? What is the ED questioning the Gandhis about? Is this investigation mere “political vendetta” as the Congress claims? Watch. Also see

New Delhi Sonia and Rahul Gandhi granted temporary relief. Photo by Sonu Mehta/ Hindustan Times) Photo by Sonu Mehta/ Hindustan Times)(Hindustan Times) A Delhi court on Tuesday said Congress president Sonia Gandhi and party vice-president Rahul Gandhi will have to appear before it on December 19 to face allegations of financial irregularities, granting them temporary relief in the National Herald Case. The Gandhis and five others --Suman Dubey, Moti Lal Vohra, Oscar Fernandez, Sam Pitroda and Young India Ltd (YIL)-- have been summoned by a trial court on a complaint of cheating and misappropriation of funds filed by BJP leader Subramanian Swamy. Swamy alleges that properties worth Rs 2,000 crore belonging to the now-defunct newspaper were usurped by the Gandhis through fraudulent papers. Here in short is what the case is all about. 1.National Herald newspaper was started by former prime minister Jawahar Lal Nehru in 1938 during the freedom struggle. It originally served as a mouthpiece of the Congress. Over the decades circulation and finances dropped, before it finally closed in 2008 with a debt of Rs 90 crore. After that, the company Associated Journal Limited (AJL) became a real estate firm with properties in Delhi, Lucknow and Mumbai. 2. In 2010, AJL was taken over by a newly-floated company called Young India Limited (YIL). Swamy alleges that both Sonia and Rahul own 38% shares each and are directors in Young India. The remaining shares are owned by the other responde...

Congress leaders Rahul Gandhi and Sonia Gandhi are being questioned by the Enforcement Directorate in a case of alleged money laundering. At the heart of the case is an old newspaper called the National Herald. What is the National Herald case? How are the Gandhis linked to it? What is the ED questioning the Gandhis about? Is this investigation mere “political vendetta” as the Congress claims? Watch. Also see

New Delhi Sonia and Rahul Gandhi granted temporary relief. Photo by Sonu Mehta/ Hindustan Times) Photo by Sonu Mehta/ Hindustan Times)(Hindustan Times) A Delhi court on Tuesday said Congress president Sonia Gandhi and party vice-president Rahul Gandhi will have to appear before it on December 19 to face allegations of financial irregularities, granting them temporary relief in the National Herald Case. The Gandhis and five others --Suman Dubey, Moti Lal Vohra, Oscar Fernandez, Sam Pitroda and Young India Ltd (YIL)-- have been summoned by a trial court on a complaint of cheating and misappropriation of funds filed by BJP leader Subramanian Swamy. Swamy alleges that properties worth Rs 2,000 crore belonging to the now-defunct newspaper were usurped by the Gandhis through fraudulent papers. Here in short is what the case is all about. 1.National Herald newspaper was started by former prime minister Jawahar Lal Nehru in 1938 during the freedom struggle. It originally served as a mouthpiece of the Congress. Over the decades circulation and finances dropped, before it finally closed in 2008 with a debt of Rs 90 crore. After that, the company Associated Journal Limited (AJL) became a real estate firm with properties in Delhi, Lucknow and Mumbai. 2. In 2010, AJL was taken over by a newly-floated company called Young India Limited (YIL). Swamy alleges that both Sonia and Rahul own 38% shares each and are directors in Young India. The remaining shares are owned by the other responde...