New Delhi

Decoding Political Mischief

From Nehru’s 1938 legacy to a 2025 courtroom battle, the National Herald case exposes enduring political rivalries and the fierce contest between investigation and intimidation

By Muhammad Omar Iftikhar | March 2026

Old rivalries and strong ideological battles often shape Indian politics, and the National Herald case has become one of its most debated legal and political fights. What began as the story of a newspaper from the freedom movement has turned into a long-running case involving the Gandhi family. In November 2025, a new FIR filed by the Delhi Police brought the issue back into the spotlight. The Indian National Congress (INC) strongly criticised the move, calling it an act of “harassment, intimidation, and political revenge” by Prime Minister Narendra Modi and Home Minister Amit Shah. Senior Congress leader Jairam Ramesh dismissed the FIR as “completely bogus,” saying it reflected the ruling leadership’s insecurity. As the Rouse Avenue Court prepares to decide on the Enforcement Directorate’s (ED) chargesheet on December 16, 2025, many are asking a simple but important question: is this a genuine corruption case, or a political attack by the BJP?

To understand the matter, it is important to look at the history of the National Herald. The newspaper was started in 1938 by Jawaharlal Nehru, along with two sister publications in Hindi (Navjivan) and Urdu (Qaumi Awaz). These newspapers supported India’s fight for independence and were published by Associated Journals Limited (AJL), a public company funded by more than 5,000 freedom fighters. The company was not a private business; it was created to support free and independent journalism. However, due to financial losses, AJL stopped publishing in 2008. What remained was its valuable property, including Herald House in Delhi, valued by some at over ₹2,000 crore.

The major turning point came in November 2010 when a not-for-profit company called Young Indian (YI) was created with a small capital of ₹5 lakh. Although its goal was to revive the National Herald digitally, its first major step was to take over 99.8 per cent of AJL’s shares. This happened when a loan of ₹90.25 crore, given by the Congress Party to AJL, was converted into shares at a very low value. Sonia Gandhi and Rahul Gandhi became the main shareholders of Young Indian, owning 76 per cent together. Critics say this was a planned move to bring AJL’s valuable properties under the control of the Gandhi family. They also claim that AJL’s properties were transferred to Young Indian and then rented back to AJL for a token amount, meaning YI gained control of assets worth thousands of crores almost for free.

The case entered the courts in 2012 when BJP leader Subramanian Swamy filed a complaint accusing the Gandhis of cheating, criminal breach of trust, and conspiracy. He argued that more than 700 original shareholders of AJL were not informed about the share transfer, which he described as an illegal takeover. Some shareholders supported his claim, saying their ownership was reduced without their knowledge. The Enforcement Directorate (ED) expanded the investigation under the Prevention of Money Laundering Act in 2018 and eventually attached AJL properties worth ₹751.9 crore in 2023. These attachments were confirmed in April 2025.

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