National herald case upsc

Why in news? The Delhi High Court recently dismissed pleas by Congress leaders against the Income Tax department’s decision to reopen their tax assessments for the year 2011-12. National Herald Newspaper • It was established by Jawaharlal Nehru in 1938. • It was published by The Associated Journals Limited, a “Section 25” company, which is generally a not-for-profit entity. • AJL also published the Qaumi Awaz in Urdu and Navjeevan in Hindi. • The company owns prime real estate in various cities, including Delhi and Mumbai worth around Rs.2000 Cr. • Veteran Congress leader Motilal Vora has been the chairman and managing director of AJL since March 22, 2002. What is the case about? • The IT department’s decision is related to the National Herald newspaper case. • In 2012 a complaint was filed by BJP leader Subramanian Swamy before the trial court. • It was alleged that Congress leaders were involved in cheating and breach of trust in the acquisition of Associated Journals Ltd (AJL) by Young Indian Pvt Ltd (YIL), as assets worth crores of rupees had been transferred to YIL. • Congress president Sonia Gandhi and vice president Rahul Gandhi are its board of director. • Congress treasurer Motilal Vora andgeneral secretary Oscar Fernandes were also named in the case. What happened? • AJL ran into losses by overstaffing and a lack of revenue and stopped publishing in April 2008. • The Congress party gave the company unsecured, interest-free loans for a few years up to 2010 to keep...

The story so far: The Enforcement Directorate (ED) has National Herald newspaper. While Ms. Gandhi has been called to appear on June 8, her son Mr. Gandhi has been asked to depose on June 13. The Congress alleged that the summons reeked of “vendetta, pettiness and cheap politics”. ​​Informing that the Gandhis will appear before the ED, Congress spokesperson Abhishek Singhvi and chief spokesperson Randeep Surjewala, said at a press conference: “This is truly a very weird case, an alleged money laundering case on which summons are issued with no money involved.” What is the National Herald case? In 2013, BJP MP Subramanian Swamy filed a private complaint in a Delhi trial court, accusing the Gandhis and others of conspiring to cheat and misappropriate funds of shareholders of The Associated Journals Limited (the publishing company of the National Herald newspaper). He alleged that the scam happened when the Congress-promoted company Young Indian Ltd. (YIL) acquired AJL and its real estate assets worth at least ₹2,000 crore also got transferred to YIL. He also accused the Gandhis and other Congress leaders close to them of defrauding the Congress party Rahul Gandhi questioned by ED for 9 hours in National Herald case, summoned again The National Herald is an English-language newspaper started by the first Prime Minister of the country ​​Jawaharlal Nehru in 1938, along with the establishment of its Public Limited publishing company The Associated Journals Limited (AJL). The com...

AS ENFORCEMENT Directorate questioned Congress MP Rahul Gandhi for the fifth day on Tuesday in connection with the National Herald case, sources in the agency said the questioning was still continuing for several reasons, including Rahul’s inability to answer how Congress gave a loan to Associate Journals Limited (AJL) and if there was any evidence of it. The sources said while Congress has been claiming that AJL, publisher of the National Herald newspaper, was given a loan of over Rs 90 crore over a period of time and to offset it the AJL converted its debt into equity and sold it to Young Indian, owned by the Gandhis, no Congress leader questioned by the agency has so far been able to provide evidence. The agency earlier questioned Congress leaders Mallikarjun Kharge and Pawan Bansal in connection with the case. “We have been asking all Congress leaders to give us the cheque numbers through which these payments were made or bank statements that show these payments. However, no one, including Rahul, seems to be aware of anything. No one is even saying that there was any cash payment. In the books of AJL, it is not clearly spelt out and is mentioned only as a general entry,” an ED official said. AICC spokesperson Abhishek Manu Singhvi criticised the ED for dragging Rahul’s questioning for days. “Firstly, selective oral unofficial leaks should never be resorted to by an agency to spread misinformation. Secondly, it is absurd to suggest that till the investigator gets the an...

• The National Herald case is prima facie a very strong case. • There is no truth to media reports of an Enforcement Directorate inquiry in the National Herald Case. • A political party can't benefit from tax exemption and then become a property company. • By stalling the Insurance Bill, the Congress is stalling the economy. • I have given the Congress three options - accept, reject or amend the Insurance Bill. • The Congress can score political brownie points with me but not with India. • No protracted delay on Insurance Bill; it can be passed in a joint sitting of Parliament. • Unlike the Left which has an ideological position against this, the Congress has always supported it. • We want to grow faster, India is entitled to do much better. • They just want it to be stalled, they want the Indian economy to be stalled. If that is the Congress party position, then I am afraid they are not being well advised. • I have asked them to explain to me the grey areas for which they need a select panel. • If India had not taken a firm stand at WTO, our subsistence farmers would have suffered. • Isolation doesn't matter at WTO; sometimes you can be the only one taking the right stand. • If we don't offer the minimum support prices that we do, farmer suicides will increase. The suicides you hear of will be in lakhs. • Western countries subsidise their farmers. • There is no problem in agreeing to a trade facilitation agreement but not to the subsidy clause. There are many instances in...

• • • National Herald case: Mallikarjun Kharge summoned, ED searches on; not scared, says Rahul Gandhi National Herald case: Mallikarjun Kharge summoned, ED searches on; not scared, says Rahul Gandhi The Enforcement Directorate had launched search operations at Herald House on Tuesday. However, the searches could not take place because of the absence of any Young Indian office bearer at the spot. THE Enforcement Directorate’s summons to Leader of Opposition in Rajya Sabha Mallikarjun Kharge triggered a political row on Thursday, with the Congress accusing the government of trying to “intimidate” it. The government countered that “the law will take its own course”, and it does not interfere in the functioning of law enforcement agencies. The ED had summoned Kharge in connection with its Kharge also said that police had surrounded the residence of Congress president Countering him, Leader of the House “On this particular issue, this matter had even gone to the Supreme Court… and the Congress president… senior Congress leaders….they are out on bail,” he said, adding that the Congress and the Opposition should comply with the law. Explained | ED sources said Kharge was summoned as the other two persons associated with Young Indian are Sonia and Rahul. “Young Indian currently has two shareholders — Rahul Gandhi and Sonia Gandhi. We did not want to call them. The company has just one employee, Kharge, who is the CEO. We had no option but to call him,” said an ED official. Both S...

BJP leader Subramanian Swamy has accused Sonia Gandhi and Rahul Gandhi, along with four others, of cheating and breach of trust in the AJL-YIL case. What is the National Herald case? BJP leader Subramanian Swamy had filed a complaint before the trial court in 2012, alleging that Congress leaders were involved in cheating and breach of trust in the acquisition of Associated Journals Ltd (AJL) by Young Indian Pvt Ltd (YIL), as assets worth crores of rupees had been transferred to YIL. Swamy has alleged that YIL, which has Congress president Swamy has alleged that YIL had paid just Rs 50 lakh to obtain the right to recover Rs 90.25 crore that AJL had owed to the Congress party, given earlier as a loan to start the newspaper. According to documents, 76 per cent of shareholding of YIL is with Sonia Gandhi and Rahul Gandhi, while the remaining 24 per cent vests in the others named in the case. The complaint has also alleged that the loan given to AJL was “illegal”, as it had been taken from party funds. What has happened in the trial court so far in the case? The What did the trial court say while summoning these six persons? While summoning them, Metropolitan Magistrate Gomati Manocha said that from the complaint and the evidence so far, “it appears that YI was in fact created as a sham or a cloak to convert public money to personal use” in order to acquire control over Rs 2,000 crore worth of assets of AJL. The court noted that all accused persons had allegedly acted “in conso...

BJP leader Subramanian Swamy has accused Sonia Gandhi and Rahul Gandhi, along with four others, of cheating and breach of trust in the AJL-YIL case. What is the National Herald case? BJP leader Subramanian Swamy had filed a complaint before the trial court in 2012, alleging that Congress leaders were involved in cheating and breach of trust in the acquisition of Associated Journals Ltd (AJL) by Young Indian Pvt Ltd (YIL), as assets worth crores of rupees had been transferred to YIL. Swamy has alleged that YIL, which has Congress president Swamy has alleged that YIL had paid just Rs 50 lakh to obtain the right to recover Rs 90.25 crore that AJL had owed to the Congress party, given earlier as a loan to start the newspaper. According to documents, 76 per cent of shareholding of YIL is with Sonia Gandhi and Rahul Gandhi, while the remaining 24 per cent vests in the others named in the case. The complaint has also alleged that the loan given to AJL was “illegal”, as it had been taken from party funds. What has happened in the trial court so far in the case? The What did the trial court say while summoning these six persons? While summoning them, Metropolitan Magistrate Gomati Manocha said that from the complaint and the evidence so far, “it appears that YI was in fact created as a sham or a cloak to convert public money to personal use” in order to acquire control over Rs 2,000 crore worth of assets of AJL. The court noted that all accused persons had allegedly acted “in conso...

• The National Herald case is prima facie a very strong case. • There is no truth to media reports of an Enforcement Directorate inquiry in the National Herald Case. • A political party can't benefit from tax exemption and then become a property company. • By stalling the Insurance Bill, the Congress is stalling the economy. • I have given the Congress three options - accept, reject or amend the Insurance Bill. • The Congress can score political brownie points with me but not with India. • No protracted delay on Insurance Bill; it can be passed in a joint sitting of Parliament. • Unlike the Left which has an ideological position against this, the Congress has always supported it. • We want to grow faster, India is entitled to do much better. • They just want it to be stalled, they want the Indian economy to be stalled. If that is the Congress party position, then I am afraid they are not being well advised. • I have asked them to explain to me the grey areas for which they need a select panel. • If India had not taken a firm stand at WTO, our subsistence farmers would have suffered. • Isolation doesn't matter at WTO; sometimes you can be the only one taking the right stand. • If we don't offer the minimum support prices that we do, farmer suicides will increase. The suicides you hear of will be in lakhs. • Western countries subsidise their farmers. • There is no problem in agreeing to a trade facilitation agreement but not to the subsidy clause. There are many instances in...

AS ENFORCEMENT Directorate questioned Congress MP Rahul Gandhi for the fifth day on Tuesday in connection with the National Herald case, sources in the agency said the questioning was still continuing for several reasons, including Rahul’s inability to answer how Congress gave a loan to Associate Journals Limited (AJL) and if there was any evidence of it. The sources said while Congress has been claiming that AJL, publisher of the National Herald newspaper, was given a loan of over Rs 90 crore over a period of time and to offset it the AJL converted its debt into equity and sold it to Young Indian, owned by the Gandhis, no Congress leader questioned by the agency has so far been able to provide evidence. The agency earlier questioned Congress leaders Mallikarjun Kharge and Pawan Bansal in connection with the case. “We have been asking all Congress leaders to give us the cheque numbers through which these payments were made or bank statements that show these payments. However, no one, including Rahul, seems to be aware of anything. No one is even saying that there was any cash payment. In the books of AJL, it is not clearly spelt out and is mentioned only as a general entry,” an ED official said. AICC spokesperson Abhishek Manu Singhvi criticised the ED for dragging Rahul’s questioning for days. “Firstly, selective oral unofficial leaks should never be resorted to by an agency to spread misinformation. Secondly, it is absurd to suggest that till the investigator gets the an...

Why in news? The Delhi High Court recently dismissed pleas by Congress leaders against the Income Tax department’s decision to reopen their tax assessments for the year 2011-12. National Herald Newspaper • It was established by Jawaharlal Nehru in 1938. • It was published by The Associated Journals Limited, a “Section 25” company, which is generally a not-for-profit entity. • AJL also published the Qaumi Awaz in Urdu and Navjeevan in Hindi. • The company owns prime real estate in various cities, including Delhi and Mumbai worth around Rs.2000 Cr. • Veteran Congress leader Motilal Vora has been the chairman and managing director of AJL since March 22, 2002. What is the case about? • The IT department’s decision is related to the National Herald newspaper case. • In 2012 a complaint was filed by BJP leader Subramanian Swamy before the trial court. • It was alleged that Congress leaders were involved in cheating and breach of trust in the acquisition of Associated Journals Ltd (AJL) by Young Indian Pvt Ltd (YIL), as assets worth crores of rupees had been transferred to YIL. • Congress president Sonia Gandhi and vice president Rahul Gandhi are its board of director. • Congress treasurer Motilal Vora andgeneral secretary Oscar Fernandes were also named in the case. What happened? • AJL ran into losses by overstaffing and a lack of revenue and stopped publishing in April 2008. • The Congress party gave the company unsecured, interest-free loans for a few years up to 2010 to keep...