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Delhi Court Schedules July 12 Hearing in National Herald Money Laundering Case

The Enforcement Directorate has contested claims that the asset transfer was a non-commercial revival effort ahead of the July 12 hearing

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Overview

  • On July 8, Special Judge Vishal Gogne listed the case for July 12 after concluding ED rejoinder arguments in New Delhi.
  • Additional Solicitor General S.V. Raju argued that Young Indian Pvt Ltd served as a shell to misappropriate roughly ₹2,000 crore in AJL assets for a nominal ₹50 lakh.
  • The ED’s prosecution complaint and chargesheet under PMLA Sections 3 and 4 name Sonia Gandhi, Rahul Gandhi, Sam Pitroda, Suman Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise.
  • ED counsel also alleged that a ₹90 crore loan from the a CongressCongress Committee was misused, constituting criminal breach of trust.
  • Defense lawyers, including Abhishek Manu Singhvi and RS Cheema, maintain the transactions were non-commercial and intended solely to revive the National Herald as a not-for-profit publication.