होम BJP

Truth Behind National Herald Case; Subramaniam Swamy EXPOSED!

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The National Herald scam is an 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, Indian National Congress granted an interest-free loan of ₹90.25 crore (US$14 million) to Associated Journals Limited (AJL), owner of the National Herald newspaper which was established by Jawaharlal Nehru and other freedom fighters in 1938.

It was alleged that the loan was either not repaid or repaid in cash, which is in violation of Section 269T of the Income Tax Act, 1961. A closely held company, Young Indian, was incorporated in November 2010 with a capital of ₹50 lakh (US$77,000) and it acquired almost all the shareholding of AJL and all its properties (alleged to be worth ₹5,000 crore (US$770 million)). Swamy alleged criminal misappropriation by both Sonia Gandhi and Rahul Gandhi. The courts have determined that a prima face case has been established in the matter.

However, it seems that Subramanian Swamy’s allegations are not actually true and he was just a mask for the BJP to target Congress and to defame them. For this, Swamy got Z+ Security and a bungalow allotted by the government.

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