National Herald Case

Salient points of NH case: 

1)Financial crisis forced Associated Journals Limited (AJL) publishers of NH founded by Nehru to close it down in 2008.

2)To pay off the employees & to help the closure congress party gave interest free loan of 90 crores to AJL.

3)With NH shut AJL had become mere real estate with properties in Delhi, Mumbai, Lucknow worth over 2000 crores. 

4)Against 2000crores  properties, AJL owed just 90 crores  to congress. Otherwise it had 0 liabilities. 

5)This 1910 crore property legally and morally belonged to AJL's 1000+ shareholders. 

6)If the properties had been auctioned, most of them would have got near 1 crore rupees. 

7)In Nov 2010 a trust co named Young Indians was set up with a capital of 5 lakhs.

8)This was 76% owned by mother-son duo. 

9)In just 3 months control of this 2000 crores was passed on to #CorruptMomSonDuo

10)Balance 24% of YI is held by Motilal Vohra & Oscar Fernandez

11)In dec 2010 congress assigned 90 cr dues from AJL to YI for just 50 lakhs. Congress wrote off balance of 89.95.

12)Just to be clear, at this time AJL OWED 90 cr to YI & YI owed nothing to congress.

13)To pay off this 90 cr, 99% of AJL were allocated to YI.

14)So using 50 lakhs, SoGa&RaGa became owners of 2000 cr properties with 0 liabilities.

15)Today the court (Delhi HC) has recognized it as a scam and told the two to stand trial as accused.


BASED ON TWEETS OF @SGURUMURTHY