नवीनतम
National Herald case: ED seizes properties worth Rs 752 cr
NEW DELHI [Maha Media]: The Enforcement Directorate Saturday said it has served notices to take possession of immovable assets worth Rs 661 crore that it had attached as part of a money laundering probe linked to Congress-controlled National Herald newspaper and the Associated Journals Limited (AJL).
The federal probe agency said in a statement that it has served the relevant documents to the respective registrar of properties where the assets are located.
Simultaneously, the notices have been affixed at "conspicuous part of these properties" located at Herald House at ITO (5A, Bahadur Shah Zafar Marg) in Delhi, in the Bandra(E) area (Plot No 2, Survey No 341) of Mumbai and the AJL building located at Bisheshwar Nath Road (Property No.1) in Lucknow, Uttar Pradesh, on Friday.
The action has been taken under Section (8) and Rule 5(1) of the Prevention of Money Laundering Act (PMLA) that talks about the procedure of taking possession of the assets that are attached by the ED and confirmed by the adjudicating authority (of PMLA).
These immovable assets were attached by the ED in November 2023.
The ED case of money laundering is against AJL and Young Indian.
The National Herald is published by AJL and owned by Young Indian Private Limited. Congress leaders Sonia Gandhi and Rahul Gandhi are majority shareholders of Young Indian with 38 per cent shares held by each one of them.
“Young Indian and AJL properties were used for generation of further proceeds of crime in the form of bogus donations to the tune of Rs 18 crore, bogus advance rent to the tune of Rs 38 crore and bogus advertisements of Rs 29 crore,” the ED alleged.
