National Herald Case: ED Seizes Properties Worth Rs 752 Crore Of ‘Young Indian,’ Firm Linked To Gandhis

New Delhi: The Enforcement Directorate on Tuesday attached properties worth Rs 90 crore belonging to Young Indian, a company linked to Rahul and Sonia Gandhi while investigating the National Herald case.

The attached properties include the National Herald houses in Delhi and Mumbai as well as the Nehru Bhavan in Lucknow. The properties attached by the central probe agency are reported to be worth Rs 752 crore.

“ED has issued an order to provisionally attach properties worth ₹ 751.9 Crore in a money-laundering case investigated under the PMLA, 2002,” the ED said today in a post on X, formerly Twitter.

“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 ₹ 661.69 Crore and M/s. Young Indian (YI) is in possession of proceeds of crime to the tune of ₹ 90.21 Crore in the form of investment in equity shares of AJL,” the post read.

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…

— ED (@dir_ed) November 21, 2023

“Reports of attachment of AJL properties by ED reflects their desperation to divert attention from certain defeat in the ongoing elections in each state,” posted Congress’s Abhishek Singhvi on X.

“An assignment of loan without transfer of any immovable property or movement of money is being dressed up to justify attachment & freezing of assets of a company which runs an iconic voice of Indian indepemdence mvmnt (sic) — National Herald — only cz its linked to INC & its legacy,” read another of his posts.