13/06/2022
What is the National Herald?
The National Herald newspaper was started in 1938 by Jawaharlal Nehru.The newspaper was published by Associated Journals Limited (AJL) which was founded in 1937 with 5,000 other freedom fighters as its shareholders. The company published two other dailies - the Qaumi Awaz in Urdu and Navjeevan in Hindi.
Nehru routinely wrote strong-worded columns - were met with the derigion of the British government, which banned it in 1942, forcing the daily to shut down. But the paper reopened three years later.
In 1947, when India won independence, Nehru resigned as chairman of the board of newspapers after taking over his role as PM. The National Herald went on to become one of the leading English dailies under the tutelage of some of India's finest journalists, even as the paper continued to be funded by the Congress party.
But the newspaper again ceased operations in 2008 for financial reasons. In 2016, it was re-launched as a digital publication.
What are the allegations against the Congress?
In 2012 , Mr Swamy alleged that the Gandhis used Congress party funds and took over AJL to try to acquire more than 20 billion rupees in property assets. At the time of shutting down the National Herald in 2008, AJL owed the Congress an accumulated debt of 900m rupees
In 2010, the Congress assigned this debt to Young India Private Limited, a non-profit company that had been created a few months earlier. Sonia and Rahul Gandhi are among its board of directors and they each own 38% of the company.The remaining 24% is owned by Congress leaders Motilal Vora and Oscar Fernandes, journalist Suman Dubey and entrepreneur Sam Pitroda, who are also named in the case.
Mr Swamy alleges that the Gandhis used subterfuge to "take over" assets worth millions in a "malicious" manner.Young India acquired complete control over AJL and its real estate, located in Delhi, Lucknow, Mumbai and other cities, the BJP leader has alleged.
The Congress party has described it as "a strange case of alleged money laundering without any money" and accused the BJP of "political vendetta".
The party says that Congress bailed out the Herald publisher AJL when it ran into financial problems because it believed in its historical legacy. Over time, the Congress lent about 900m rupees to AJL.In 2010, the party said, AJL became debt-free when it swapped its debt for equity, and assigned the shares to the newly created Young India Private Limited.
Young India, the Congress says, is a "not-for-profit company" and that no dividends have been paid to its shareholders and directors. The AJL, it insists, "continues to be the owner, printer and publisher of National Herald and that there is no change or transfer of property".