NATIONAL HERALD ACQUISITION: DELHI COURT SUMMONS ROC TO TESTIFY RECORDS
Tuesday, 29 April 2014 | PNS | New Delhi
The Delhi Metropolitan Magistrate Court on Monday summoned officials of the Registrar of Companies (RoC) to testify the records in connection with the controversial acquisition of the National Herald newspaper.
The Court was acting on the petition, filed by BJP leader Subramanian Swamy, accusing Congress president Sonia Gandhi and vice-president Rahul Gandhi of taking over the newspaper publishing company by floating a new private company using the Congress’ funds.
National Herald newspaper publishing company The Associated Journal Ltd, established in 1930s, was taken over by a newly-floated company Young Indian in 2010.
The new company was a private firm where Sonia and Rahul had 38 per cent shares each and Congress gave `90 crore to the private company for taking over the public company, which published the National Herald newspaper. Political parties are forbidden from transferring money to companies.
When the controversy erupted, the Congress admitted that the incident claiming the payment was done to revive the party’s organ, as it was an “emotionally attached matter”.
Swamy, in his petition before Metropolitan Magistrate Gomti Manocha, argued that using the Congress money Sonia and Rahul had acquired the huge properties and buildings of the newspaper publishing company spread across the country and valued over `5,000 crore. The publishing company Associated Journal is having huge assets in New Delhi, Lucknow, Panchkula, Indore and Mumbai.
The BJP leader also argued that the acquisition of a newspaper publishing company and not resuming the publication of newspaper after the acquisition itself shows that the intentions of Sonia and Rahul were to get the control of the high value real estate properties in several metro cities in the country.
The next hearing of the case is scheduled on May 12. Apart from Sonia and Rahul, Congress leader Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are the respondents in Swamy’s petition.
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How Sonia, Rahul grabbed National Herald properties
As DamaadGate bomb hit Congress on its face, here’s more on how the mother-son duo robbed National Herald to grab properties worth over Rs 5000 crore. Ten years of Sonia Gandhi-dominated UPA rule has made probity in public life the principal demand of the people. While umpteen scandals involving Government Ministries and Departments have come to light, one of the least reported and possibly most outrageous scandal is the surreptitious takeover of the prime properties of the National Herald, Navjivan and Qaumi Awaz by a closely held private company which is totally controlled by Sonia Gandhi and Rahul Gandhi.
The monetary value of the scam is estimated at over Rs 5000 crore, when calculated only in terms of real estate but it could be more once the full holdings of the National Herald is known.
NitiCentral raised some tough questions to Subramanian Swamy who had exposed Congress’s land grabing of National Herald properties and assets. He reveals how the Gandhi clan had utilised its powers illegally for personal benefits. Scam-tainted Congress has ruled the nation like a fiefdom and have a lot to explaining to do.
Listen to Subramanian Swamy on Congress’s role in National Herald
scam
http://www.niticentral.com/2014/04/28/how-sonia-rahul-grabbed-national-herald-properties-217538.html