Big blow to Sonia Gandhi and Rahul Gandhi in National Herald Case, property worth Rs 751 crore seized
On Tuesday, ED took major action in the National Herald case and seized the property of Young India. It is being told that the value of the property seized by ED is Rs 751 crore.
The Enforcement Directorate has given
a big blow to former Congress Party President Sonia Gandhi and MP Rahul
Gandhi. According to the information, on Tuesday, ED has taken major
action in the National Herald case and has seized the property of Young
India. It is being told that the value of the property seized by ED is Rs
751 crore. ED has seized properties located in Delhi, Mumbai and
Lucknow. According to reports, ED's investigation has revealed
embezzlement of money.
What is National Herald?
National Herald was a pre-independence
newspaper, which was started by the country's first Prime Minister Pandit
Jawahar Lal Nehru. Initially this newspaper was published in three
different languages. These included Hindi, English and Urdu. In Hindi
its name was Navjeevan, in English it was National Herald and in Urdu this
newspaper was known as Qaumi Awaaz. It is said that this newspaper played
an important role in achieving independence for the country. The name of
this newspaper company established by Pandit Nehru was Associated Journals
Limited (AJL).
The articles published in National
Herald provided strength to the revolutionary leaders of the country. At
that time, the articles published in it proved to be so influential that even
the British got scared and banned its publication in 1942. However, this
ban did not last long and the newspaper was restarted only after three years in
1945.
What is the National Herald
controversy?
After independence, National Herald
newspaper was counted among the major English newspapers. People used to
read the articles published in it with interest. But as time passed, it
started working like the mouthpiece of Congress. By the year 2008, this
company AJL was in financial crisis and the decision was taken to close the
newspaper. In 2010, newspaper company AJL had announced that it would not
be able to repay its loan. In fact, it is alleged that the Congress Party
had lent Rs 90 crore to AJL from time to time. Whereas this is a violation
of the Representation of the People Act 1950. According to this, no
political party can give loan to anyone.
According to a report, on 23 November
2010, Young Indian, a non-profit company of the Gandhi family, came into
existence, whose directors were people like Suman Dubey and Sam
Pitroda. On 13 December 2010, Rahul Gandhi was also included in the board of
directors.
After this, in a deal, AJL shares were
transferred to Young Indian and a loan of Rs 90 crore was waived off by taking
Rs 50 lakh. On 22 January 2011, Sonia Gandhi became its
director. Sonia-Rahul hold 76 percent stake in Young Indian. The remaining
24 percent was with Motilal Vohra and Oscar Fernandes who are no longer
alive. Let us tell you that AJL has assets worth thousands of crores all
over India.
By 2010, only 1057 of the 5000
shareholders remained.
The number of shareholders who started
AJL was approximately 5000. By 2010, only 1057 shareholders were left,
including the father of former Union Law Minister Shanti Bhushan and former
Chief Justice of Allahabad and Madras High Court Markandey Katju. Bhushan
claims that his father had bought 300 shares at the time of the establishment
of AJL. Bhushan had termed handing over the ownership of AJL to Young
Indian as illegal.
News is originally taken from: https://bit.ly/3sCCL6G
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