ED probe
ED attaches properties worth Rs. 752 crore of company linked to Gandhis in National Herald case
New Delhi/IBNS: The Enforcement Directorate has attached property worth Rs. 90 crores belonging to Young Indian, the company linked to Congress's Rahul Gandhi and Sonia Gandhi, in connection to its investigation into the National Herald case.
The attached property includes the National Herald Houses in Delhi and Mumbai and Nehru Bhavan in Lucknow.
According to media reports, the overall value of properties seized belonging to Associated Journals is Rs. 752 crore.
The probe agency is investigating an alleged money laundering case linked to the National Herald newspaper.
The case involves allegations of cheating, conspiracy, and criminal breach of trust in the acquisition of Associated Journals Limited, which operated the newspaper by Young Indian Pvt Ltd.
The agency has already questioned Sonia and Rahul Gandhi in this connection.
"ED has issued an order to provisionally attach properties worth ₹ 751.9 Crore in a money-laundering case investigated under the PMLA, 2002," the ED said today in a post on X, formerly Twitter.
"Investigation revealed that M/s. Associated Journals Ltd. (AJL) is in possession of proceeds of crime in the form of immovable properties spread across many cities of India such as Delhi, Mumbai and Lucknow to the tune of ₹ 661.69 Crore and M/s. Young Indian (YI) is in possession of proceeds of crime to the tune of ₹ 90.21 Crore in the form of investment in equity shares of AJL," the post read.
ED has issued an order to provisionally attach properties worth Rs. 751.9 Crore in a money-laundering case investigated under the PMLA, 2002. Investigation revealed that M/s. Associated Journals Ltd. (AJL) is in possession of proceeds of crime in the form of immovable properties…
— ED (@dir_ed) November 21, 2023
"Reports of attachment of AJL properties by ED reflects their desperation to divert attention from certain defeat in the ongoing elections in each state," posted Congress's Abhishek Singhvi on X.
Reports of attachment of AJL properties by ED reflects their desperation to divert attention from certain defeat in the ongoing elections in each state. (1/n)
— Abhishek Singhvi (@DrAMSinghvi) November 21, 2023
"An assignment of loan without transfer of any immovable property or movement of money is being dressed up to justify attachment & freezing of assets of a company which runs an iconic voice of Indian indepemdence mvmnt (sic) -- National Herald -- only cz its linked to INC & its legacy," he wrote.
"These petty vendetta tactics shall not cow down the Congress or the opposition," read a third.
These petty vendetta tactics shall not cow down the Congress or the opposition. (5/n)
— Abhishek Singhvi (@DrAMSinghvi) November 21, 2023
The Congress has always accused the Centre of misusing central probe agencies for political vendetta, insisting that there is no evidence of money laundering or any monetary exchange.
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