BJP leader Subramanian Swamy had accused Congress President Sonia Gandhi, her son Rahul Gandhi, Suman Dubey, Moti Lal Vohra, Oscar Fernandez, Sam Pitroda and Young India Ltd of conspiring to cheat and misappropriate funds by paying Rs. 50 lakh with the help of which ‘Young Indian’ were able to recover Rs 90.25 crore which the Associated Journals Ltd had owned to the Congress.
Swamy had allgedly said in 2012, that Sonia Gandhi and her son ” fraudulently acquired properties of Associated Journals Private Ltd (AJPL) in Delhi, UP and other places worth Rs 1,600 crore.”
While that was Swamy’s version, here is what Congress had to say from their official Twitter handle:
Legendary editor – M. Chalapathi Rao who helmed NH for over 30 yrs & was part of the underground press movement during the freedom struggle
— INC India (@INCIndia) December 19, 2015 Despite Editorial excellence fin management of AJL continued to be poor. It continued to bleed financially& ran into losses yr after yr
— INC India (@INCIndia) December 19, 2015 A time came when AJL couldn’t pay salaries of its employees. In the financial year ending March 2008 it booked a loss of approx Rs. 6 crore
— INC India (@INCIndia) December 19, 2015 More losses followed, approx Rs 34 cr in 2008-09 & 2 cr in 2009-10. No bank would sanction AJL a loan bcz of Rs 90 cr debt on its bal sheet
— INC India (@INCIndia) December 19, 2015 Finally, the financial burden could no longer be borne by the AJL itself or by its benefactor, the Congress Party
— INC India (@INCIndia) December 19, 2015 Congress party, conscious of Pt Nehru’s commitment to the National Herald, consulted some eminent experts in the country on a revival plan.
— INC India (@INCIndia) December 19, 2015 Their considered advice was to form a Section 25 not-for-profit company, Young Indian #PrideOfIndiaNationalHerald
— INC India (@INCIndia) December 19, 2015 Further, in order to bail out AJL & free it from debt burden of Rs 90 cr, this loan could be assigned to not-for-profit company by Congress
— INC India (@INCIndia) December 19, 2015 Thereafter, with consent of AJL’s shareholders, this debt could be extinguished by issuing new equity to not-for-profit Co – Young Indian
— INC India (@INCIndia) December 19, 2015 
