National Herald case : ED seized property worth Rs.752 crore

In a big blow to Sonia Gandhi & Rahul Gandhi, Enforcement Directorate(ED) seized properties worth Rs.752 Crore of Young India and Associated Journal Ltd.

Action taken by ED in money laundering case. The attached property includes the National Herald Houses in Delhi and Mumbai and Nehru Bhavan in Lucknow.

ED has issued an order to provisionally attach properties worth Rs. 751.9 Crore in a money-laundering case investigated under the PMLA, 2002. Investigation revealed that M/s. 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 Rs. 661.69 Crore and M/s. Young Indian (YI) is in possession of proceeds of crime to the tune of Rs. 90.21 Crore in the form of investment in equity shares of AJL.

The case involves allegations of cheating, conspiracy, and criminal breach of trust in the acquisition of the Associated Journals Limited -- which ran the newspaper -- by Young Indian Pvt Ltd.

The Central agency is investigating an alleged money laundering case linked to the National Herald newspaper. And summoned Sonia Gandhi and Rahul Gandhi in the investigation.