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 …
An adjudicating authority under the Prevention of Money Laundering Act on Wednesday upheld the attachment of assets worth around ₹752 crore of Congress-run National Herald newspaper and associated firms by the Enforcement Directorate, terming it as “proceeds of crime” involved in money laundering. Under PMLA, an adjudicating authority determines within 180 days whether the properties attached by ED are involved …
National Herald case: The PMLA Adjudicating Authority on Wednesday upheld the Enforcement Directorate's attachment of assets worth Rs 751.9 crore of Congress-promoted National Herald newspaper and companies linked to it in a money laundering case. ED attaches properties worth Rs 752 crore The central agency had on November 21, 2023, provisionally attached properties by issuing a provisional attachment order under …
The Enforcement Directorate on Monday recorded the statement of Leader of the Opposition in the Rajya Sabha and senior Congress leader Mallikarjun Kharge in a case involving the Associated Journals Limited and Young Indian. The move comes days after the Delhi Bench of the Income Tax Appellate Tribunal upheld the Income Tax re-assessment order against Young Indian. Swamy’s plea Earlier, …
