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What is the National Herald case in which ED attached Rs 751 crore worth of assets?

By LAWSTREET NEWS NETWORK      Nov 22, 2023      0 Comments
What is the National Herald case in which ED attached Rs 751 crore worth of assets?

In a recent development to the long-standing probe into the affairs of the Congress-run National Herald newspaper, the Enforcement Directorate has seized assets worth Rs 751.9 crore in a probe against Congress-linked entities Associated Journals Ltd (AJL) and Young Indian pertaining to a money laundering case

In a social media post, the agency said, the investigation revealed that 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 rupees.

ED also said, the Young Indian (YI) is in possession of proceeds of crime to the tune of 90.21 crore rupees in the form of investment in equity shares of AJL. 

The Enforcement Directorate had earlier questioned and recorded the statements of Congress leader Sonia Gandhi, and Rahul Gandhi regarding the case. 

What is the National Herald case?

The case is based on a private complaint by BJP’s Subramanian Swamy in a Delhi court in 2013. The complaint alleged cheating and misappropriation of funds on the part of the Gandhis in acquiring the newspaper. Sonia Gandhi and Rahul Gandhi were granted bail in the case by the trial court in December 2015.

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