NATIONAL HERALD SCAM

 

National Herald is a newspaper published by The Associated Journals Ltd. And is owned by Young India Ltd. a company owned by Sonia Gandhi and Rahul Gandhi.

National Herald was first published from Lucknow by Jawaharlal Nehru in 1938. Nehru also started the Associated Journals Ltd. in 1937 with 5000 freedom fighters as its shareholders. Till Nehru was appointed as PM he was the Chairman of the Board of Directors of National Herald. The paper was closed in 2008 due to lack of revenue. When it was shut down it had 1000 shareholders. So, what happened to all those shareholders? The National Herald was re launched by Rahul Gandhi in 2017.

The case on National Herald was filed by Subramaniam Swamy against Sonia Gandhi, Rahul Gandhi, their companies and their associated persons in the year 2012.

As per the compliant Associated Journals took an interest free loan of Rs 90.25 crores from the Congress and the loan was not repaid. A closely held company Young India was incorporated in 2010 with a capital of Rs 50 lacs it acquired virtually all the shareholding of AJL and its properties valued at Rs 5000 crores. The debt of Rs 90 crores due from AJL to Congress was assigned to Young India and that is how Young India got hold of AJL. Obviously this can be nothing but a fix.

I checked the shareholding of both AJL and Young India. AJL had a paid up capital of Rs 91.31 crores. Young India paid up capital Rs 5 lacs (and not even 50 lacs as Swamy claimed).

So a company with a paid up Capital of Rs 5 lacs acquired a company with a paid up capital of Rs 91.31 crores. Wonderful.

Look at the Directors of AJL and Young India…..all Congressmen or chamchas.

Directors of AJL   

 Shyam Pitroda,

Arvind Mayaram- IAS Officer of 1978 batch currently appointed as Chief Economic Adviosr by Rajasthan Government.

Pawan Kumar Bansal- Former Minister in MMS Government

 Mallkarjuna Kharge,

Suman Dubey-Former journalist and founder of the Rajiv Gandhi Foundation. Former Press Adviosr to Rajiv Gandhi.

 Prashanto Chandra Sen. –Prcticing Senior Advocate of the Supreme Court

Directors of Young Indian----

Sonia Gandhi

Rahul Gandhi

Mallikarjuna Kharge

Shyam Pitroda

Pawan Kumar Bansal

Suman Dubey

Sonia and Rahul own 38% each in Young India. The rest is owned by Kharge et al.