National Herald Case: Trouble for Sonia Gandhi and Rahul as ED issues notice to take possession of assets worth Rs…
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.
The Enforcement Directorate Saturday stated it has issued notices to rob possession of immovable resources worth Rs 661 crore that it had connected in probe into the money laundering case against Congress-managed Associated Journals Minute (AJL).
The federal probe agency stated in a assertion that it has affixed these notices on the Herald Dwelling located in Delhi at ITO, on the premises in Bandra space of Mumbai and the AJL building located at Bisheshwar Nath Avenue in Lucknow on Friday.
The notices look for plug of the premises or switch of rent (within the case of the Mumbai asset) to the ED.
The action has been taken below Piece (8) and Rule 5(1) of the Prevention of Money Laundering Act (PMLA) that talks in regards to the technique of taking possession of the resources that are connected by the ED and confirmed by the adjudicating authority (of PMLA).
These immovable resources had been connected by the ED in November 2023. The ED case of cash laundering is against AJL and Younger Indian.
The National Herald is printed by AJL and owned by Younger Indian Inside of most Minute. Congress leaders Sonia Gandhi and Rahul Gandhi are majority shareholders of Younger Indian with 38 per cent shares held by each and each one in every of them.
“Younger Indian and AJL properties had been light for technology of additional proceeds of crime within the construct of bogus donations to the tune of Rs 18 crore, bogus arrive rent to the tune of Rs 38 crore and bogus adverts of Rs 29 crore,” the ED alleged.
With Company inputs
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