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About: National Herald corruption case     Goto   Sponge   NotDistinct   Permalink

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The National Herald corruption case is the ongoing case in a Delhi court filed by Indian economist and politician Subramanian Swamy against politicians Sonia Gandhi and Rahul Gandhi, their companies and associated persons. As per the complaint filed in the court of the Metropolitan Magistrate, Associated Journals Limited (AJL) took an interest-free loan of ₹90.25 crore (US$11 million) from Indian National Congress. It is alleged that the loan was not repaid. A closely held company, Young Indian, was incorporated in November 2010 with a paid up capital of 5 Lac and it acquired almost all the shareholding of AJL and all its properties (alleged to be worth ₹5,000 crore (US$630 million)). Swamy alleged criminal misappropriation by both Sonia Gandhi and Rahul Gandhi. (SJ: This case of embezzlem