New Delhi: In a major development, the publishers of National Herald have decided to convert the firm to a non-profit entity.
The publishers of National Herald group of newspapers, Associated Journals Ltd (AJL), will convert the firm from the commercial one to a non-profit entity.
According to AJL Managing Director Motilal Vora, the AJL Extraordinary General Meeting has decided to relaunch newspapers.
However, AJL Chairman and veteran Congress leader Motilal Vora has said that the conversion is not at all linked with the National Herald case.
Earlier, Congress president Sonia Gandhi and her son Rahul had got bail in the National Herald case after a local court rejected complainant Subramanian Swamy’s opposition to the relief for them on the ground they are influential and can flee the country.
The case is based on a private criminal complaint lodged by Swamy against them of cheating, conspiracy and criminal breach of trust.
Swamy has accused them of cheating and misappropriation of funds in acquiring ownership of the now-defunct daily National Herald.