INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Enforcement Directorate on Tuesday attached properties worth over Rs 750 crore, including the well-known Herald House near
ITO, belonging to Associated Journals Ltd (AJL), the publisher of National Herald and other party mouthpieces of the Congress, in a money
laundering case against party leaders Sonia Gandhi and her son Rahul, and Young Indian, which now controls AJL.Congress slammed the ED's
charity and is majority-owned by the Gandhis, the only two shareholders in the entity, which has Congress president Mallikarjun Kharge as
its assets estimated at Rs 750 crore by Young Indian allegedly for Rs 50 lakh.The attached properties are situated in prime locations in
Delhi, Lucknow and Mumbai and have been estimated at over Rs 661 crore
immovable properties spread across many cities of India such as Delhi, Mumbai and Lucknow to the tune of Rs 661.6 crore and Young Indian is
statement.The Gandhis, who are on bail in a related case, have been questioned multiple times along with Kharge and others about the
probe within a year as the agency is legally bound to file prosecution complaint (chargesheet) during the next 365 days: i.e
connection with the acquisition of AJL assets by the Gandhis-controlled Young Indian was in pursuance of a court order
taking cognisance of a private complaint (Subramanian Swamy vs Sonia Gandhi) on June 26, 2014
The court held that seven accused, including Young Indian, prima facie committed offences of criminal breach of trust u/s 406 of IPC,
cheating and dishonestly inducing delivery of property u/s 420 of IPC, dishonest misappropriation of property u/s 403 and criminal
at concessional rates in various cities for publishing newspapers, started using the properties for commercial purposes after it ceased
publication of National Herald and other Congress organs
However, AICC treated the said loan of Rs 90.2 crore as non-recoverable from AJL and sold it for Rs 50 lakh to a newly incorporated company,
Young Indian, without any source of income to pay even Rs 50 lakh
allotment of equity shares of AJL to it
The AJL held an extraordinary general meeting and passed a resolution to increase share capital and issue fresh shares worth Rs 90.2 crore
With this fresh allotment of shares, shareholding of more than 1,000 shareholders was reduced to a mere 1% and AJL became a subsidiary
elections and was running scared
will give a befitting reply to this fascist politics of revenge and intimidation
