National

‘AJL did share transfer clandestinely’

The Centre told the Delhi High Court on Monday that the Associated Journals Limited (AJL), publishers of the National Herald newspaper, “clandestinely” transferred its majority shares to Young Indian in which Congress chief Rahul Gandhi and his mother Sonia Gandhi are majority shareholders.

Solicitor General Tushar Mehta, appearing for the Central government, said there was a “calculated, clandestine design” to transfer the ownership of AJL to Young Indian.

‘Work ceased in 2008’

The Solicitor General argued that AJL was allocated the land on lease for a printing press but this “dominant purpose” was stopped several years back. He said the National Herald newspaper stopped publication in 2008 and its employees were offered a voluntary retirement scheme.

Senior advocate Abhishek Manu Singhvi, appearing for AJL, argued that AJL with its history of publishing newspapers since 1938 cannot be punished for a “small hiatus” in publication after 2008 due to a financial crunch.

The High Court has posted the case for further hearing on February 1.

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Printable version | Sep 20, 2020 11:07:07 AM | https://www.thehindu.com/news/national/ajl-did-share-transferclandestinely/article26114447.ece

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