Congress moves HC in National Herald case
The Congress on Wednesday moved the Delhi High Court in the National Herald land grab case.
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The complaint alleged that the Gandhis formed a company, Young India, in 2010 with 38 percent share each to take control of Rs 2,000 crore worth of assets of Associated Journals Ltd (AJL), which published the National Herald. The National Herald was started in 1938 by Jawaharlal Nehru. Over the decades, it lost circulation and ran into major financial losses, leading to its closure in 2008. Young India thus acquired the complete ownership of AJL real estate assets of at least Rs 2,000 crore, including a multi-storeyed building in a prime location in Delhi.