The Patiala House Court will resume hearing in the National Herald Case today. The high profile case was filed by Bharatiya Janata Party (BJP) leader, Subramanian Swamy in 2012 against Sonia Gandhi, Rahul Gandhi, Congress treasurer, Motilal Vora, party leaders, Oscar Fernandes, Suman Dubey and Sam Pitroda.
On July 1, the court sought a reply from those names in the plea. The Congress president and party vice-president have reportedly filed their reply on July 22.
Swamy, in his application had sought documents from the Associated Journal Limited (AJL), including the copy of the ledger extract, bank statement filed with the Registrar of Companies (ROC), minutes of the meeting in which the decision to convert the loan into share capital was taken, balance sheet, profit and loss account with Auditors Report in the year in which the loan was taken.
In the case drawn since 2012, Swamy’s application alleged that the Congress granted an interest-free loan of Rs. 90.25 crore to Associated Journals Limited (AJL), owner of the National Herald newspaper.
He also alleged that Congress did bungling in the loan and it was not repaid, and that Sonia and Rahul were made directors of a company – Young Indian – in November 2010, which acquired almost all the shareholding of the AJL and all its properties, reportedly worth Rs. 5,000 crore.