National herald case summary

NEW DELHI: The enforcement directorate (ED) on Wednesday summoned The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper. Congress leader Randeep Surjewala said, "Started the National Herald newspaper in 1942 ... At that time, the British tried to suppress it, today Modi government is also doing the same and ED is being used for this. ED has given notice to our president Sonia Gandhi and Rahul Gandhi". ED summons Rahul, Sonia: The role of Gandhis and the National Herald case NEW DELHI: The Enforcement Directorate on Wednesday summoned Congress president Sonia Gandhi and her MP son Rahul Gandhi for questioning in a money laundering case linked to the National Herald newspaper. While Rahul will appear before the agency on Monday, summons issued to Sonia asked her to While Sonia Gandhi has been asked to depose before the federal agency on June 8, Rahul Gandhi is understood to have been asked to appear earlier. Congress leader Abhishek Manu Singhvi said at a press conference that the party president will comply with the summons. "Rahul Gandhi will go if he is here or he may seek a fresh date," Singhvi added. According to officials, the agency wants to record the statements of Sonia and Rahul Gandhi under criminal sections of the Prevention of Money Laundering Act ( The grand old party, in a tweet, said that it will fight and win but won't be intimidated. In 2012, Subramanian Swamy ha...

Explained: National Herald, the Gandhi connection, and the money laundering case The Enforcement Directorate summoned Congress chief Sonia Gandhi and her son and MP Rahul to appear before it regarding a money laundering case related to National Herald, a newspaper started by Jawaharlal Nehru. What are the allegations against the two? The Enforcement Directorate on Wednesday summoned Congress interim president Sonia Gandhi and her son and member of Parliament (MP) National Herald, which is owned and run by the party. Rahul Gandhi has been summoned on 2 June and Sonia Gandhi on 8 June, ED sources said, according to a report in NDTV. The Congress MP has asked for time to appear after 5 June, as he is not in India. According to the news channel, both Congress leaders will honour the summons and not seek an adjournment. Bharatiya Janata Party (BJP) leader Subramanian Swamy filed a private complaint before a trial court in Delhi in 2012, alleging cheating and misappropriation of funds by the National Herald by buying over the newspaper’s erstwhile publishers through Young Indian Pvt Limited (YIL), in which they have an 86 per cent stake. In the complaint, Sonia Gandhi, Rahul Gandhi and others have been accused of misappropriating funds by paying just Rs 50 lakh, through which Young Indian had obtained the right to recover Rs 90.25 crore that The Associated Journals (AJL), the publisher of the paper, owed to the Congress. The loan given to AJL was “illegal”, as it had been taken ...

The Enforcement Directorate, on Wednesday, has summoned Congress interim president Sonia Gandhi and leader Rahul Gandhi in connection with a money-laundering probe. Sonia Gandhi will appear before the ED on June 8, while Rahul Gandhi has been summoned on June 2. About the National Herald case The National Herald case involves the alleged misappropriation of over 2,000 crores in assets in an equity transaction. Jawaharlal Nehru and other freedom fighters founded the newspaper National Herald in 1938. Associated Journals Limited was the first to publish it. However, the paper went out of business in 2008, despite a 90-crore loan from Congress to revive it. Young Indian Pvt Ltd took over Associated Journals Limited in 2010, with Sonia Gandhi and Rahul Gandhi on the board of directors. Subramanian Swamy, a BJP leader, filed a complaint in 2012 accusing Congress leaders of deception and breach of trust in the acquisition of AJL by YIL. No political organisation may engage in financial transactions with a third party under the Income Tax Act. Swami claimed that Sonia Gandhi and Rahul Gandhi took over the assets to profit. He also claimed that YIL only paid Rs 50 lakh for the right to recover the Rs 90 crore owed to the party by AJL, implying that Congress wrote off the remaining Rs 89.5 crores. Since 2016, the ED has been investigating AJL and the roles of various Congress leaders after taking cognisance of a Central Bureau of Investigation (CBI) case as it cannot act on its own...

National Herald was a white elephant from the outset. When the newspaper remained closed for three years, less than a decade after its launch in 1938, Jawaharlal Nehru declared at a gathering of its employees in Lucknow, “Humein banyagiri nahi aayi (We do not know how to do business)”. At another event, just years away from being India’s first prime minister, he said, “I will not let the National Herald close down even if I have to sell Anand Bhavan (his family home in Allahabad)”. But little did Nehru know that, instead of using its own resources to save the iconic newspaper and preserve it as part of India’s independence movement, his family will usurp the assets of National Herald. Background Despite attempts by Indira Gandhi and Rajiv Gandhi to revive it, the circulation and finances of the National Herald dropped over the decades, resulting in it being shut in 2008 with a debt of Rs 90 crore. As a result, the Associated Journals Limited (AJL) — which published the newspaper — in effect became a real estate firm with properties worth thousands of crore in Delhi, Indore, Lucknow and Mumbai. The debt, which was owed to the Congress party, had resulted from interest-free loans worth Rs 90.25 crore given by the party to the ailing company. In 2010, the Congress transferred the loan to a newly-floated company called Young Indian (YI) for a partly payment of Rs 50 lakh. While 76 per cent of the shareholding of Young Indian is with Sonia Gandhi and Rahul Gandhi, the remaining...

NEW DELHI: The enforcement directorate (ED) on Wednesday summoned The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper. Congress leader Randeep Surjewala said, "Started the National Herald newspaper in 1942 ... At that time, the British tried to suppress it, today Modi government is also doing the same and ED is being used for this. ED has given notice to our president Sonia Gandhi and Rahul Gandhi". ED summons Rahul, Sonia: The role of Gandhis and the National Herald case NEW DELHI: The Enforcement Directorate on Wednesday summoned Congress president Sonia Gandhi and her MP son Rahul Gandhi for questioning in a money laundering case linked to the National Herald newspaper. While Rahul will appear before the agency on Monday, summons issued to Sonia asked her to While Sonia Gandhi has been asked to depose before the federal agency on June 8, Rahul Gandhi is understood to have been asked to appear earlier. Congress leader Abhishek Manu Singhvi said at a press conference that the party president will comply with the summons. "Rahul Gandhi will go if he is here or he may seek a fresh date," Singhvi added. According to officials, the agency wants to record the statements of Sonia and Rahul Gandhi under criminal sections of the Prevention of Money Laundering Act ( The grand old party, in a tweet, said that it will fight and win but won't be intimidated. In 2012, Subramanian Swamy ha...

National Herald was a white elephant from the outset. When the newspaper remained closed for three years, less than a decade after its launch in 1938, Jawaharlal Nehru declared at a gathering of its employees in Lucknow, “Humein banyagiri nahi aayi (We do not know how to do business)”. At another event, just years away from being India’s first prime minister, he said, “I will not let the National Herald close down even if I have to sell Anand Bhavan (his family home in Allahabad)”. But little did Nehru know that, instead of using its own resources to save the iconic newspaper and preserve it as part of India’s independence movement, his family will usurp the assets of National Herald. Background Despite attempts by Indira Gandhi and Rajiv Gandhi to revive it, the circulation and finances of the National Herald dropped over the decades, resulting in it being shut in 2008 with a debt of Rs 90 crore. As a result, the Associated Journals Limited (AJL) — which published the newspaper — in effect became a real estate firm with properties worth thousands of crore in Delhi, Indore, Lucknow and Mumbai. The debt, which was owed to the Congress party, had resulted from interest-free loans worth Rs 90.25 crore given by the party to the ailing company. In 2010, the Congress transferred the loan to a newly-floated company called Young Indian (YI) for a partly payment of Rs 50 lakh. While 76 per cent of the shareholding of Young Indian is with Sonia Gandhi and Rahul Gandhi, the remaining...

Explained: National Herald, the Gandhi connection, and the money laundering case The Enforcement Directorate summoned Congress chief Sonia Gandhi and her son and MP Rahul to appear before it regarding a money laundering case related to National Herald, a newspaper started by Jawaharlal Nehru. What are the allegations against the two? The Enforcement Directorate on Wednesday summoned Congress interim president Sonia Gandhi and her son and member of Parliament (MP) National Herald, which is owned and run by the party. Rahul Gandhi has been summoned on 2 June and Sonia Gandhi on 8 June, ED sources said, according to a report in NDTV. The Congress MP has asked for time to appear after 5 June, as he is not in India. According to the news channel, both Congress leaders will honour the summons and not seek an adjournment. Bharatiya Janata Party (BJP) leader Subramanian Swamy filed a private complaint before a trial court in Delhi in 2012, alleging cheating and misappropriation of funds by the National Herald by buying over the newspaper’s erstwhile publishers through Young Indian Pvt Limited (YIL), in which they have an 86 per cent stake. In the complaint, Sonia Gandhi, Rahul Gandhi and others have been accused of misappropriating funds by paying just Rs 50 lakh, through which Young Indian had obtained the right to recover Rs 90.25 crore that The Associated Journals (AJL), the publisher of the paper, owed to the Congress. The loan given to AJL was “illegal”, as it had been taken ...

The Enforcement Directorate, on Wednesday, has summoned Congress interim president Sonia Gandhi and leader Rahul Gandhi in connection with a money-laundering probe. Sonia Gandhi will appear before the ED on June 8, while Rahul Gandhi has been summoned on June 2. About the National Herald case The National Herald case involves the alleged misappropriation of over 2,000 crores in assets in an equity transaction. Jawaharlal Nehru and other freedom fighters founded the newspaper National Herald in 1938. Associated Journals Limited was the first to publish it. However, the paper went out of business in 2008, despite a 90-crore loan from Congress to revive it. Young Indian Pvt Ltd took over Associated Journals Limited in 2010, with Sonia Gandhi and Rahul Gandhi on the board of directors. Subramanian Swamy, a BJP leader, filed a complaint in 2012 accusing Congress leaders of deception and breach of trust in the acquisition of AJL by YIL. No political organisation may engage in financial transactions with a third party under the Income Tax Act. Swami claimed that Sonia Gandhi and Rahul Gandhi took over the assets to profit. He also claimed that YIL only paid Rs 50 lakh for the right to recover the Rs 90 crore owed to the party by AJL, implying that Congress wrote off the remaining Rs 89.5 crores. Since 2016, the ED has been investigating AJL and the roles of various Congress leaders after taking cognisance of a Central Bureau of Investigation (CBI) case as it cannot act on its own...