According to Swamy, Young Indian acquired National Herald using Rs 90 Crore of interest-free money that the newly-floated company received from the Congress party.
Swamy claims that it was illegal on part of Congress, which is a political party, to have given an interest-free Rs 90 Crore loan to Young Indian. According to Swamy, under Income Tax act, no political party can indulge in such financial transaction and can't sign any business contract with any third party.
Swamy further alleges that the meetings of Young Indian used to be held at the official residence of 10, Janpath.
Now the Young Indian has rented Delhi based National Herald House to the Passport Office on a monthly rent of Rs 30 Lakh.. 76 percent of this amount goes to Sonia and Rahul Gandhi, according to Swamy.
