Patiala House Court to hear National Herald case plea
Swamy has been seeking the balance sheets of the INC and the AJL for the purpose of investigation in National Herald case.
In the National Herald case, Patiala House Court will be hearing a plea filed by Rajya Sabha MP and BJP Leader Subramanian Swamy today on November 4.
Reportedly, the court had issued notices to Congress President Sonia Gandhi, Vice President Rahul Gandhi and five others in August, following the application filed by Swamy seeking presentation of certain documents from Associated Journals Pvt Ltd (AJL) and Indian National Congress (INC) in connection with the National Herald case.
The court had given its nod to the plea on March 11. Swamy has been seeking the balance sheets of the INC and the AJL for the purpose of investigation in National Herald case.
Swamy moved an application before Metropolitan Magistrate Lovleen to summon the balance sheet, receipts, income and expenditure statements for assessment years 2010- 11, 2011-12 and 2012-13 of the INC, AJL and Young Indian Pvt Ltd (YI).
He also sought documents relating to a loan given by the Congress to the AJL, the holding firm of the National Herald, saying these were necessary for the purposes of trial in the case. In addition to this, he asked for certain documents from the Registrar of Companies (ROC) which were filed by the AJL and papers from the Department of Income Tax (DoT) in relation to income tax returns filed by AJL.
The documents sought from AJL included "authorisation by the members of the AJL to borrow monies in excess of its paid- up capital and free reserve of AJL, relevant extracts from the books of accounts of AJL during the period of loan and documents by which the loan was converted into shares in the books of AJL."
He also summoned documents from "the Congress party reflecting the loans given to AJL and documents of the party in the year in which the loan was written off,” along with certain "documents filed by AJL with ROC and certain papers from the DoT."
The others accused in the case are Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda.
Gandhi duo and others have been accused of allegedly conspiring to cheat and misappropriate funds by just paying Rs 50 lakh by which YI obtained the right to recover Rs 90.25 crore which Associated Journals Pvt Ltd (AJL) owed to the Congress party.