Subramanian Swamy is doing a Kejriwal and exposing an instance of 'fraud' by Sonia and Rahul Gandhi.

4.49 pm: Summary of Swamy's allegations:

UPA chairperson Sonia Gandhi and Congress general secretary Rahul Gandhi converted a public firm into a private company. The two formed a private company named Young Indian and acquired a public limited company, the Associated Journals Limited.

The Associated Journals Ltd is the owner of National Herald and Quami Awaz newspapers and all high value real estate property in Delhi and other places in Uttar Pradesh associated with it. Swamy alleged that the deal between Young Indian and Associated Journals Ltd was a “fraud committed in order to grab the Herald House in Delhi, that is located in a hub and is valued at about Rs 1600 crore.

He further adds that the property was acquired for just Rs 50 Lakh.

4.38 pm: Swamy demands CBI joint probe and investigation

Subramanian Swamy said he has written to the Prime Minister and Election Commission on this matter of perjury and said he is demanding a full investigation and CBI joint probe into this matter. He said however that he is clear that the Prime Minister will not reply, which will force him to go to court.

4.27 pm: Congress Party gave Rahul/Sonia loan to acquire Herald House

Swamy is now pointing to a resolution by the Congress Party, which reportedly gave Sonia and Rahul Gandhi a loan in the name of Young Indian, which is in complete contravention of the income tax law.

"On February 26, 2011, the Board of AJ Pvt. Ltd. passed a Resolution approving that All India Congress Committee AICC had loans to the Company unsecured and for zero interest rate to extinguish the liability of the company of more than Rs.90 crores", he said.

Swamy adds that it is very clearly set out that no political party can give out a loan or engage in any commercial activity.

The third dubious fact according to Swamy, was that Young Indian filed statements with the RoC disclosing that the shareholders meeting was held in Sonia Gandhi's Government allotted 10, Janpath. "This is violation of the law since the 10, Janpath, New Delhi Government accommodation cannot be used for commercial purposes and business", he adds.

In addition to this, Swamy alleged that the Gandhi family had misused public infrastructure, with Priyanka Gandhi using her government allotted bungalow to conduct business, and the NAC Chairman was given a free telephone and free power, which Sonia Gandhi then rented out for commercial purposes.

4.19 pm: Subramanian Swamy accuses Rahul, Sonia of fraud/perjury

Janta Party President Subramanian Swamy is accusing the Gandhi family of converting a public trust into private property. He stated that the two acquired a 1600 cr estate called 'Herald House' owned by associated journals ltd, for just Rs 50 lakh.

Addressing a press conference in Delhi, Swamy added that the Gandhis had done this through an entity named "Young Indian", in which Rahul and Sonia owned a 76% stake. He added that the current shareholders of the company still include Nehru, Gandhi and Birla, and added that Rahul Gandhi's name had been listed as a shareholder, but his name was on the document in ink.

"he deal is a sham, bogus, and a violation of several laws. It is a fraud committed in order to grab the Herald House in Delhi, that is located in a hub and which is valued at about Rs.1600 crores", he said.