Shanti Bhushan claims father owned shares in AJL; to challenge ownership transfer

NEW DELHI: Amid the ongoing spar on National Herald issue, senior jurist Shanti Bhushan today claimed that his father owned shares in Associated Journals Ltd and said he will challenge the decision of transfer of its ownership to Young Indians, in which Congress president Sonia Gandhi and vice president Rahul Gandhi are majority shareholders.

The 90-year-old former law minister said his father Vishwamitra had bought shares of AJL and the decision to transfer the ownership of AJL to Young Indians was taken without the consent of the share holders.

"As Associated Journals is concerned, this company had been formed by large number of patriotic people which includes my father also. And, therefore they (the shareholders) have the right to decide on how this company should be run.

"All these facts have to (be) ascertained after looking at the records of the Company and Registrar of Companies. We will have (to) get signatures of all the heirs because when my father died he left a widow and 10 children," Bhushan said.