What is National Herald Case all About?
Its a long post ... have patience to read it completely... I'll divide my answer into points and it might be long. So, lets start with some History. Its the pre-independence era. There was a company formed and named Associate Journals Limited ( AJL ). This was a publishing house which published newspapers in Hindi and Urdu portraying views about the importance of freedom, etc. The National Herald was the English newspaper which was published by AJL. Jawaharlal Nehru was the chairperson of AJL at the time it was established. During the Emergency, this paper stopped its publication. It revived itself in 1986 but fully stopped its publication again in 2008 with a debt of about 90 crores. Now, let's come to what the "scam" here is. So, AJL is running in loss. The Indian National Congress( INC ) decides to give it a loan of about 90 crores to cover its losses and pay it debts. In November of 2010, a new company called The Young Indian Limi...