They will have to face prosecution, go to jail: Swamy

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BJP leader Subramanian Swamy while talking to the reporters in New Delhi after court’s hearing in the National Herald case against Congress President Sonia Gandhi and Vice President Rahul Gandhi said the trial will go on and they have to face the prosecutions and ultimately go to jail. “HC order today dismissed Sonia and Rahul Gandhi, Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda’s petitions saying the magistrates order summoning them for facing trail in the case of comprising the property of national herald is not based on law and it should be quashed,” said Swamy. He also said that Sonia and Rahul Gadhi’s plea of not appearing personally in Court was refused. In his complaint, Swamy has alleged “breach of trust and cheating” because the Congress loaned ₹ 90.25 crore to Associated Journals Ltd (AJL) and on December 28, 2010 assigned this debt to Young Indian Ltd (YIL), the charitable company, for ₹ 50 lakh. Swamy claims that Sonia and Rahul, allegedly holding 38 per cent stake each in YIL, benefited from the acquisition. He alleges that AJL had received an interest-free loan of ₹ 90.25 crore from the Congress and that the party transferred the debt to YIL for ₹ 50 lakh. The Congress, however, claims there is no illegality in Young India Ltd (YIL) taking over Associated Journals Ltd (AJL), the publisher of the now-defunct National Herald newspaper, as per the Companies Act. Last week, the Delhi high court had reserved its verdict on the pleas of the Congress leaders seeking to quash the summons, issued by the trial court on June 26.

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