ED seals Young Indian office in Herald House building

4 August, 2022 | Pravina Srivastava

ed National

The national capital's Young Indian office was closed on Wednesday by the Enforcement Directorate (ED).

The national capital’s Young Indian office was closed on Wednesday by the Enforcement Directorate (ED).

In order to conduct their search, ED was unable to enter Young Indian office at Herald House building in Delhi since no one was there when they arrived. The investigation agency acted a day after Enforcement Directorate (ED) conducted searches at 12 sites in the capital and other locations in relation to the National Herald case, in which prominent members of Congress are accused of breaking rules.

Jairam Ramesh, a Congress politician, stated, “Roadblocks by Delhi Police leading to AICC Headquarters are become more often than unusual. It’s unclear why they merely acted in this manner.”

Prevention of Money Laundering Act (PMLA) case involving the National Herald was filed about nine months ago after a trial court took cognizance of an Income Tax department investigation conducted as a result of a private criminal complaint submitted by former Bharatiya Janata Party (BJP) MP Subramanian Swamy in 2013. The case relates to the alleged financial irregularities.

In his suit, petitioner claimed that Congress leaders Sonia Gandhi and her son Rahul Gandhi each held 38% of Young Indian Pvt Limited (YIL), which had unlawfully purchased the assets of Associated Journals Limited (AJL), which produced the National Herald newspaper.

Swamy claimed that Gandhis misused money and committed financial fraud, alleging that YIL merely paid Rs. 50 lakh to secure the right to reclaim Rs. 90.25 crore that AJL owed to Congress.

Read More: Update: National Herald Case, Ruckus in Lok Sabha, Rajya Sabha