To clear air on Herald issue, Congress posts FAQs on website


New Delhi, Feb 7 (PTI): Congress has come out with a set of 'Frequently Asked Questions' to present its side of the story regarding the National Herald issue as the party said that the Gandhis have not benefited financially from Young Indian Ltd.

The party also dismissed as "absolutely false" the claim that Young Indian (YI) Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd (AJL), was a "real estate company".

Congress also underlined that there is no restriction in law on political parties giving loans and the Election Commission had issued a clear order in this regard in November, 2012.

"BJP leader Subramanian Swamy had sought derecognition of Congress on this ground but his complaint was dismissed by a full bench order of the Election Commission" at that time, AICC said.

On whether Sonia or Rahul Gandhi benefited financially from Young Indian, it said, "No. As directors or shareholders of Young Indian, a non-profit, Section 25 company, they are prohibited by law from drawing (and have not drawn) any financial benefits from the company." It also denied that any assets were transferred from AJL to YI.

"All the assets and the income of AJL remain with the company. Not a single paisa has gone to YI, YI Directors or YI Shareholders," it said in the FAQs on its website under the heading, 'National Herald'.

It rejected as "false" the claim that YI was created to usurp the property owned by AJL.

"On the contrary, Young Indian, being a non-profit Section 25 company, as the major shareholder AJL, in fact, enhances the safeguards on the properties of the AJL," it said.

On the claim by Finance Minister Arun Jaitley that YI is a real estate company, it said the statement was "absolutely false".

"Absolutely false. YI does not own a single real estate asset or immoveable property. AJL continues to own all its assets. The allegation is, therefore, completely baseless," it said.

Congress also denied claims that YI now owns the property of AJL. "No, both Young India and Associated Journals Ltd are separate entities. All assets and properties of AJL continue to remain with AJL. This allegation is akin to falsely alleging that a shareholder in Indian Hotels Ltd. has rights on hotel properties of the Taj Group and owns a particular hotel or can move into it!" the party said.

On the justification behind Congress giving loans of Rs 90 crore to AJL, the party maintained it has financially supported AJL over several decades through the financial ill- health of the company.

"This reflected the party's commitment to support AJL, the voice of the freedom movement," it said.

No commercial bank was willing to lend a single rupee to AJL due to the negative worth of the company, its "meagre income and its over-leveraged" balance sheet, it said.

According to Swamy's complaint, all who are named in the case were directors of YI, a company that was incorporated in 2010 and took over the "debt" of AJL, the publisher of National Herald.

Sonia and Rahul last week moved the Supreme Court seeking the quashing of the criminal case and summons issued to them and five others on several grounds, including that the complaint by Swamy in the National Herald case was a "political move" aimed to "defame" them.

  

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Comment on this article

  • Rao, Mangalore

    Mon, Feb 08 2016

    OK it is Sec 25 Company which doesn't provide share holders drawing benefits but tell me whether it prohibits taking huge Salary? OK forget benefits & salary ...

    OK...if you guys did this to own these huge property in your name for nothing...transfer it to a reknown charitable organisation like 'Ramakrishna Mission' or some one not related to your political dramas.

    These Maa-Beta are just playing Characters Rajmata & Justin of Samrat Ashoka serial in real life!

    Decades of being Indian citizen by law never make some one with other roots a Indian Patriot. They can never overcome zeal of uspuring wealth of NATIONal herald.

    DisAgree [4] Agree [5] Reply Report Abuse

  • JK, Udupi

    Mon, Feb 08 2016

    Court has the final word to say, not your fake FAQ website. People can wait till the verdicts are out.

    DisAgree [3] Agree [3] Reply Report Abuse

  • geoffrey, hat hill

    Mon, Feb 08 2016

    The kind of verdicts issued forth in the cases of greats like Jayalalitha and Salman Khan?

    DisAgree [2] Agree Reply Report Abuse

  • Michael Noronha, Mysuru

    Sun, Feb 07 2016

    It is a good move by congress to post FAQs to clear the doubts in the minds of the people. The matter is sub-judice but people could hear the voice of the party on any misgivings that would have crept into the minds of the people. FAQs do not interfere in the course of justice but could fix the alleged accused if statements made are corroborative with the charges.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Manju, Mumbai

    Sun, Feb 07 2016

    Mother, Son and jija #vadera must be behind the bar.
    Great job by swamy S.

    DisAgree [3] Agree [3] Reply Report Abuse

  • Praveen, Udupi

    Sun, Feb 07 2016

    Has Subramanya Swamy won any case.....pottu lawyer.Full of nanji against Gandhi family. If you a real lawyer and have guts bring your daughter back to Hinduism.

    DisAgree [5] Agree [2] Reply Report Abuse

  • Rao, Mangalore

    Mon, Feb 08 2016

    Have u everheard of cases on Ramsethu,Chidambaram Temple..even Jayalalitha convicted & going to Jail? These are only to name few. Pity your ignorance smoked with love for SaGa.

    DisAgree [2] Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Feb 07 2016

    jeevan & Alphonso finally came out of HIDING ...

    DisAgree [4] Agree [1] Reply Report Abuse

  • Krish, Dubai

    Mon, Feb 08 2016

    Dear Jossey,
    Before your comments i read comments from Mr. Jeevan and Mr. Alphonso Rodrigues.
    Thanks you came out at least to complete daily target of comments.

    DisAgree Agree Reply Report Abuse

  • Swamy, Mangalore

    Sun, Feb 07 2016

    This case will be quashed as 'Wrongful Dismissal'. No clinching foolproof evidence and matter in this case. This is more of a media headline of political show game than any legal proceeding by Psychopath Subramanyam Swamy. Congress should file a counter defamation case against Psycho Subramanyam.

    DisAgree [2] Agree Reply Report Abuse

  • geoffrey, ha hill

    Sun, Feb 07 2016

    All Sonya has to do is to say yes to GST bill, all the charges even if they are true will be dropped like hot potatoes, just the way Jayalalitha and Salman Khan were absolved of their sins! And Harvard Swamy's all endeavors went down the drain in Jayalalitha's case.

    DisAgree [2] Agree Reply Report Abuse

  • Ramesh S, MANGALORE

    Sun, Feb 07 2016

    ..OK..YOUNG INDIA is a trust, that means SONIA/RAHUL cant take profit or dividend..but here is a catch..YOUNG INDIA can moot expenses of SONIA/RAHUL, which later should be ratified by the BOD..who are BOD, all are their chelas..if so, who need salary or profit!..its also funny that NH which governed by all Congressmen which earns more than crores in monthly Rental income and with a Asset worth thousand crores couldnt able to repay 100crores liability & so decided to sell to YI which is also controlled by Congressmen!!..and corruption crusader KUJLI didnt said a single word on this scam..by the way, KUJLI also helped LALU..BIHAR Govt already withdrawn 4 corruption cases of LALU..KUDOS to crusader..

    DisAgree [1] Agree [1] Reply Report Abuse

  • Vincent Rodrigues, Promenade Road,Frazer Town,B'lore

    Sun, Feb 07 2016

    Since this matter is in the court better we do not comment on the matter.

    DisAgree [10] Agree [15] Reply Report Abuse

  • Krish, Dubai

    Sun, Feb 07 2016

    Dear Vincent Rodrigues, Promenade Road,Frazer Town,B'lor.
    Some of your comments on matter which is in Court:
    1. News:Kerala supports ban on women's entry at Sabrimala temple
    comments: Since this custom is followed since the inception of the temple,the government is not for in changing now.
    2. News: CBI gets Guv's nod to prosecute Ashok Chavan in Adarsh case
    Comments: If Chavan is given consent to prosecute by the governor as required by CBI,Hema Malini too alleged has involved in land encroachment.
    3 News: National Herald case: Sonia Gandhi, Rahul move Supreme Court
    Comments: What Congress has looted in sixty years,the other party had looted in one term.Nobody is saints in politics and Gandhi family has a right to appeal to the supreme court in the matter.
    4 News: Kamduni gangrape: 3 convicts get death, 3 others life term
    Comments: We need to dispose of rape case quickly by forming seperate squad for rape detection.
    5 News: 2013 Muzaffarnagar riots victim gang raped by three youths in UP
    Comments:
    Comments on this article
    Vincent Rodrigues, Promenade Road,Fraze Town,B'lore 560005Monday, February 01, 2016
    Almost three years to register a case on rape victims is redeculous.

    All 5 cases are in court and you commented.
    in this news you dont have anything to tell so your comments is "Since this matter is in the court better we do not comment on the matter."
    May we say it Double standard??????

    DisAgree Agree [6] Reply Report Abuse

  • Alphonso Rodrigues, Udupi

    Sun, Feb 07 2016

    What FAQ,s? Sounds like a feeble attempt for damage control. If the 'KHANdis' are really innocent, they should trounce this bloke Swamy in the court, showing it to the nation and the world. Making some ridiculous statements like 'we dont need bail, will go to jail' and them make a U turn will show only how stupid you are.

    DisAgree [17] Agree [18] Reply Report Abuse

  • jeevan, mangalore

    Sun, Feb 07 2016

    Hats off Dr. Swamy for bringing true face of mother and son to the world..

    They have ruined the country with corruption at all levels.

    SC should not show any mercy for waitress and pappu in this case..

    DisAgree [31] Agree [32] Reply Report Abuse

  • jeevan, mangalore

    Sun, Feb 07 2016

    Waitress / Pappu..

    Stop this drama..
    Who care your fabricated Posts-FAQs
    Kanoon ka hath lamba hota hai...

    DisAgree [25] Agree [27] Reply Report Abuse

  • GM, MLUR

    Sun, Feb 07 2016

    Andha bhi hotha hai....

    DisAgree [20] Agree [17] Reply Report Abuse

  • kumara, abu dhabi

    Sun, Feb 07 2016

    if soo honest they should sue swamy at the earliest,if swamy had not raised the issue they would have slowly closed ajl and only young indian would have remained.

    DisAgree [6] Agree [21] Reply Report Abuse

  • Hussain, Abudhabi

    Sun, Feb 07 2016

    FAQ: Ee daane moolu ?
    RG: Yaan mooley :p

    DisAgree [5] Agree [22] Reply Report Abuse

  • sri, Karkala

    Sun, Feb 07 2016

    This case will become puska after some time. Because our law has soft corner for politicians and super rich. Like 2g coal scam game scams etc

    DisAgree [3] Agree [24] Reply Report Abuse


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