National Herald case: ‘Misuse of Cong funds for AJL takeover’ under ED’s scanner
2 years, 6 months ago

National Herald case: ‘Misuse of Cong funds for AJL takeover’ under ED’s scanner

Hindustan Times  

As part of its money laundering probe against the Gandhi family, the Enforcement Directorate is looking into suspected misuse of Congress party funds to take over Associated Journals Ltd through Young Indian Private Limited, which resulted in the acquisition of all immovable properties of AJL as well. The allegations were first levelled by BJP leader Subramanian Swamy, who filed a private complaint in November 2012 in a court in Delhi claiming that the Gandhis had committed fraud and misused party funds to purchase the company that ran National Herald newspaper. Swamy claimed that by acquiring AJL through a new company, Young Indian, Gandhis had also acquired properties worth several hundred crores owned by AJL in cities such as Mumbai, Lucknow, Patna, Panchkula and Delhi, including the six-storey Herald House at Bahadur Shah Zafar Marg. Swamy’s allegation was that the ₹90.21 crore interest free loan, which AICC gave to AJL, was assigned to YI, 23 days after the new company was formed.

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History of this topic

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL
3 months, 1 week ago

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL

Hindustan Times  

MUMBAI: The Mumbai zonal unit of the Enforcement Directorate has provisionally attached movable and immovable assets worth ₹43.52 crore as part of its money-laundering investigation related to a ₹1,438.45 crore bank loan default case involving metal trading company Ushdev International Limited and others. The loan funds granted to Mumbai-headquartered UIL were allegedly diverted to different entities in the “guise of …

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group
4 months, 1 week ago

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group

Hindustan Times  

MUMBAI: Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹678 crore has been attached by the Enforcement Directorate in a ₹2,435 crore-worth loan fraud case under the Prevention of Money Laundering Act. Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹ 678 crore has been attached by the Enforcement Directorate in a ₹ 2,435 crore-worth loan fraud case …

PMLA Adjudicating Authority confirms attachment of over ₹750 crore assets in AJL case
8 months, 1 week ago

PMLA Adjudicating Authority confirms attachment of over ₹750 crore assets in AJL case

The Hindu  

The Adjudicating Authority under the Prevention of Money Laundering Act has confirmed the attachment of assets worth ₹751.90 crore by the Enforcement Directorate in a money laundering case involving Associated Journals Limited and Young Indian. However, the AICC treated the said loan of ₹90.21 crore as non-recoverable from AJL and sold it for ₹50 lakh to a newly-incorporated company, Young …

ED orders attachment of ₹752-crore assets in National Herald case
1 year, 1 month ago

ED orders attachment of ₹752-crore assets in National Herald case

The Hindu  

The Enforcement Directorate on Tuesday said it had issued an order to provisionally attach properties worth ₹751.90 crore in an alleged money-laundering case involving Associated Journals Ltd., which runs the National Herald newspaper, and Young Indian. Calling the attachment of AJL properties a “sign of BJP’s panic”, Congress president Mallikarjun Kharge, in a post on X, said, “This pattern of …

‘Petty vendetta tactics’: Cong response to ED action in National Herald probe
1 year, 1 month ago

‘Petty vendetta tactics’: Cong response to ED action in National Herald probe

Hindustan Times  

The Congress on Tuesday responded to the Enforcement Directorate's decision to attach assets belonging to Associated Journals Limited and Young Indian in its money laundering probe into the affairs of Congress-run National Herald newspaper. An assignment of loan without transfer of any immovable property or movement of money is being dressed up to justify the attachment and freezing of assets …

ED attaches properties worth ₹751 crore in National Herald probe
1 year, 1 month ago

ED attaches properties worth ₹751 crore in National Herald probe

Hindustan Times  

New Delhi: The Enforcement Directorate has attached assets worth ₹751 crore belonging to Associated Journals Limited and Young Indian in its money laundering probe into the affairs of Congress-run National Herald newspaper, the agency said on Tuesday. While immovable properties worth ₹661 crore belonging to AJL have been attached in Delhi, Mumbai and Lucknow, YI’s proceeds of crime have been …

Assets worth Rs 752 crore seized in probe against Congress-linked companies
1 year, 1 month ago

Assets worth Rs 752 crore seized in probe against Congress-linked companies

India Today  

Probe agency Enforcement Directorate seized assets worth Rs 751.9 crore in an investigation against Congress-linked entities Associated Journals Limited, and Young Indian in connection with a money laundering case. ACCUSATIONS AGAINST AJL, YOUNG INDIAN AJL had to repay a loan of Rs 90.21 crore to the All India Congress Committee. According to the ED's investigation, after purchasing the loan of …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 1 month ago

ED attaches DHFL promoters’ assets worth ₹70 cr

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹70.39 crore belonging to the former promoters of Dewan Housing Finance Limited, Kapil Wadhawan and Dheeraj Wadhawan. HT Image The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter worth ₹9 crore and two …

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI
2 years, 6 months ago

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI

Firstpost  

The funds were part of Rs 42,871 crore of public money raised from banks that were allegedly misappropriated by DHFL, officials said New Delhi: DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has …

OPINION | National Herald case: Money laundering or political vendetta?
2 years, 6 months ago

OPINION | National Herald case: Money laundering or political vendetta?

India TV News  

For the last two consecutive days, Congress leader Rahul Gandhi has been questioned by Enforcement Directorate in a money-laundering probe linked to the National Herald case. Both Sonia Gandhi and her son Rahul Gandhi are presently on bail, but the Congress is making a huge drama out of it.” Union Minister Smriti Irani said, these protests are a drama to …

Nehru's National Herald to Gandhis' Young India. Why ED has gone for big game hunting
2 years, 6 months ago

Nehru's National Herald to Gandhis' Young India. Why ED has gone for big game hunting

India Today  

Congress leaders and workers were detained and sent packing in buses as the Delhi Police denied permission for the party to rally around its leader Rahul Gandhi, who appeared before the Enforcement Directorate for questioning. The case involves National Herald, a newspaper that Jawaharlal Nehru founded; a company that had his great-grandson Rahul Gandhi as director and granddaughter-in-law Sonia Gandhi …

National Herald case | ED questions Congress leader Pawan Kumar Bansal
2 years, 8 months ago

National Herald case | ED questions Congress leader Pawan Kumar Bansal

The Hindu  

The Enforcement Directorate on Tuesday recorded the statement of senior Congress leader Pawan Kumar Bansal in a case involving Associated Journals Limited and Young Indian. He reached the ED office around 11 a.m. On Monday, the agency recorded the statement of the Leader of the Opposition in the Rajya Sabha and senior Congress leader Mallikarjun Kharge in the same matter. …

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