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National Herald row: Money used for retirement scheme, says Cong

Nov 03, 2012 04:15 PM IST Politics Politics

Keeping up with his attack on the Congress, Janata Party chief Subramanian Swamy on Saturday slammed it saying it wasn't a charitable organisation to extend loans.

Breaking its silence, the Congress on Friday rejected allegations levelled by Swamy and maintained that its support to National Herald newspaper was interest free loans yielding no commercial profit to the party.

Swamy, however, termed it a confession by the Congress of its "loan crime" and said that he would file a petition with the Election Commission of India seeking to de-recognise the party.