Overview

• Enforcement Directorate wrapped up oral submissions before Special Judge Vishal Gogne on July 3, arguing its prosecution complaint under the Prevention of Money Laundering Act.
• The court has directed Sonia Gandhi, Rahul Gandhi, Sam Pitroda and other accused to file their arguments on July 4 before deciding whether to take cognizance of the money laundering charges.
• ED alleges that Young Indian Pvt Ltd was created to convert a ₹90 crore loan from Congress into equity and seize ₹2,000 crore of assets held by Associated Journals Limited for a nominal ₹50 lakh.
• In November 2023, the agency attached AJL properties worth ₹661 crore and shares valued at ₹90.2 crore, terming them proceeds of crime under the PMLA.
• Additional Solicitor General S.V. Raju informed the court that the Congress party itself could be named an accused under Section 70 of the PMLA if further evidence supports the case.