National herald (NH) was started during 1930s by nehru and was publishing news paper. During the course of time it accumulated land and wealth of 5000 crore. In 2000s, it went into loss and had 90 crore debt. NH’s directors Sonia ,Rahul, and Motilal Vohra decided to sell it to Young India Ltd.
Now comes the funny part. Young India’s directors were Sonia, Rahul, Oscar Farnandes and Motilal Vohra.
Deal was that young India would clear NH’s 90 crore loan and in return get assets worth 5000 cr.
To strike this deal Motilal Vohra spoke to Motilal Vohra because he was the director of both the companies.
Now comes the twist.
To clear the 90 crore debt, young Indian asks Congress party to give loan of 90 crore. So congress calls a meeting with party president, VP and general secretary to attend it. Who are these people ?? Sonia, Rahul, Oscar and Motilal Vohra respectively. Congress gives loan. Who approves it? The treasurer,motilal vohra.
So congress treasurer Vohra, gives loan to young India, its director Vohra takes it and gives it to NH director Vohra.
Hold on, the fun doesn’t stop here.
Next day, congress party calls meeting. Who attends it ?? Sonia, Rahul, Oscar and Vohra . They decide that NH has done a lot of service for the country during freedom fight phase, so let loan be written off.
So 90 crore loan is written off. Great.
Young India with 36% share held by Sonia and Rahul each , rest owned by Oscar and Vohra gets property worth 5000 crore, including 11 stories flat at Bahadur Shah Zafar Marg in Delhi, which is rented out to passport office and other offices.
Wow, this is what is called creation. Creating everything out of nothing. 5000 crore out of thin air!!!!