As the National Herald scam explodes, Republic accessed exclusive details that blew the lid off the entire case, on Thursday. The whole case revolves around the National Herald- Associated Journals Ltd-Young Indian deal. Young Indian, which was incorporated in November 2010 with a capital of Rs 50 lakh, had acquired almost all shareholdings of Associated Journals Limited, which owns the National Herald newspaper. In this process, Young Indian had also acquired Associated Journals Ltd’s debt of Rs 90 crore.
Part 1: Congress’ blame Vora strategy flops
In relation to the case, Congress President Sonia Gandhi, and leader Rahul Gandhi have been questioned. Sonia Gandhi was asked over 100 questions in July, during interrogations that spanned three days as per sources. On the other hand, Rahul’s interrogation took place in June for 5 five days and was asked around 150 questions.
During the questioning, Gandhis had told the Enforcement Directorate that the former Congress treasurer Motilal Vora was responsible for all the transactions pertaining to the Young Indians acquisition of Associated Journals Limited (AJL) assets worth hundreds of crores from Congress.
Republic learnt from its sources that firstly, the Gandhis have not produced a single document that shows Motilal Vohra has taken the decisions. Secondly, they have produced no minutes of meetings in which the decision was taken that Motilal Vohra would be taking the decisions, as far as the…
