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3w ago

ED Moves to Seize ₹661 Crore in Assets in National Herald Money Laundering Case

Notices issued to take possession of properties in Delhi, Mumbai, and Lucknow linked to Congress-controlled AJL and Young Indian.

The ED case of money laundering is against AJL and its holding company Young Indian. The National Herald is published by AJL and owned by Young Indian Private Limited.
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Overview

  • The Enforcement Directorate (ED) has issued notices to claim immovable properties worth ₹661 crore in the National Herald money laundering case.
  • The properties include Herald House in Delhi, a Bandra property in Mumbai, and an AJL building in Lucknow, all previously attached in November 2023.
  • This action follows confirmation of the asset attachment by the adjudicating authority under the Prevention of Money Laundering Act in April 2024.
  • The investigation alleges that AJL and Young Indian generated ₹988 crore in criminal proceeds through schemes like bogus donations, advance rent, and advertisements.
  • The case, initiated by BJP leader Subramanian Swamy in 2014, accuses Congress leaders Sonia and Rahul Gandhi of financial misappropriation and conspiracy.