Business Standard

Saturday, December 21, 2024 | 12:06 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

ED seals premises of Young Indian office in Delhi

Image

Capital Market
The Enforcement Directorate (ED) sealed the Young Indian Limited office located in the National Herald building in New Delhi on Wednesday (3 August 2022).

ED took action a day after it carried out searches at 12 locations in the National Herald case money laundering case.

The ED is investigating alleged financial irregularities at Young Indian Private Limited, which owns the National Herald newspaper.

The National Herald case under the Prevention of Money Laundering Act (PMLA) was registered about nine months ago after a trial court took cognizance of the Income Tax (I-T) department probe carried out on the basis of a private criminal complaint filed by former BJP MP Subramanian Swamy in 2013.

 

The petitioner had approached the court alleging that the assets of Associated Journals Limited (AJL), which published the National Herald newspaper, were fraudulently acquired and transferred to Young Indian Pvt Limited (YIL), in which Sonia Gandhi and Rahul Gandhi owned 38% shares each.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 04 2022 | 12:32 PM IST

Explore News Home