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On Tuesday, ED took major action in the National Herald case and seized the property of Young India. It is being told that the value of the property seized by ED is Rs 751 crore.
The Enforcement Directorate has given a big blow to former Congress Party President Sonia Gandhi and MP Rahul Gandhi. According to the information, on Tuesday, ED has taken major action in the National Herald case and has seized the property of Young India. It is being told that the value of the property seized by ED is Rs 751 crore. ED has seized properties located in Delhi, Mumbai and Lucknow. According to reports, ED's investigation has revealed embezzlement of money.
What is National Herald?
National Herald was a pre-independence newspaper, which was started by the country's first Prime Minister Pandit Jawahar Lal Nehru. Initially this newspaper was published in three different languages. These included Hindi, English and Urdu. In Hindi its name was Navjeevan, in English it was National Herald and in Urdu this newspaper was known as Qaumi Awaaz. It is said that this newspaper played an important role in achieving independence for the country. The name of this newspaper company established by Pandit Nehru was Associated Journals Limited (AJL).
The articles published in National Herald provided strength to the revolutionary leaders of the country. At that time, the articles published in it proved to be so influential that even the British got scared and banned its publication in 1942. However, this ban did not last long and the newspaper was restarted only after three years in 1945.
What is the National Herald controversy?
After independence, National Herald newspaper was counted among the major English newspapers. People used to read the articles published in it with interest. But as time passed, it started working like the mouthpiece of Congress. By the year 2008, this company AJL was in financial crisis and the decision was taken to close the newspaper. In 2010, newspaper company AJL had announced that it would not be able to repay its loan. In fact, it is alleged that the Congress Party had lent Rs 90 crore to AJL from time to time. Whereas this is a violation of the Representation of the People Act 1950. According to this, no political party can give loan to anyone.
According to a report, on 23 November 2010, Young Indian, a non-profit company of the Gandhi family, came into existence, whose directors were people like Suman Dubey and Sam Pitroda. On 13 December 2010, Rahul Gandhi was also included in the board of directors.
After this, in a deal, AJL shares were transferred to Young Indian and a loan of Rs 90 crore was waived off by taking Rs 50 lakh. On 22 January 2011, Sonia Gandhi became its director. Sonia-Rahul hold 76 percent stake in Young Indian. The remaining 24 percent was with Motilal Vohra and Oscar Fernandes who are no longer alive. Let us tell you that AJL has assets worth thousands of crores all over India.
By 2010, only 1057 of the 5000 shareholders remained.
The number of shareholders who started AJL was approximately 5000. By 2010, only 1057 shareholders were left, including the father of former Union Law Minister Shanti Bhushan and former Chief Justice of Allahabad and Madras High Court Markandey Katju. Bhushan claims that his father had bought 300 shares at the time of the establishment of AJL. Bhushan had termed handing over the ownership of AJL to Young Indian as illegal.
News is originally taken from: https://bit.ly/3sCCL6G
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