As a setback to Congress party and its top leadership, Delhi high court on Friday directed Income-tax department to hold a probe in the National Herald case. FYI, Congress President Sonia Gandhi and Vice-President Rahul Gandhi are the accused named in the given case.
The complaint in this case was filed by BJP MP Subramanian Swamy in 2012, who accused Sonia and Rahul Gandhi of cheating and showing inappropriate transactions. The mother-son duo is accused of acquiring a media company owning National Herald for ₹50 lakhs, which in reality, had a market value of over ₹2000 crores. Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are the other accused named in the case.
According to the petition filed by Subramanian Swamy, Young Indian Pvt Ltd, which has Sonia Gandhi and Rahul Gandhi as share holders, acquired Associated Journals Limited (AJL) for ₹50 lakhs. AJL is the company which publishes National Herald newspaper and at the time of acquisition, it was valued for over ₹2000 crores.