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After ED raids Young Indian office in National Herald house sealed, road to Congress HQ barricaded

By Ruchi Upadhyay 
Updated Date

New Delhi: In the breaking development in the case, the Enforcement Directorate has sealed the Young Indian Limited Office. The investigating agency has taken this action in the alleged money laundering case related to National Herald. It has been directed that the premises should not be opened without the prior permission of the investigating agency. The police have made heavy security arrangements on the road outside the Congress headquarters.

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Additional police force has also been deployed outside 10 Janpath, the residence of Congress Working President Sonia Gandhi. Significantly, Young India Limited has acquired Associate Journals Limited, which runs the National Herald. Meanwhile, Congress leader Jairam Ramesh has tweeted, “Blocking the road to AICC Headquarters by Delhi Police is now a common practice rather than an exception.”

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The ED had yesterday raided 12 locations including the National Herald House. The action comes days after the central probe agency questioned Congress chief Sonia Gandhi and Rahul Gandhi in an alleged money laundering case related to the National Herald newspaper. Before three rounds of questioning of Sonia Gandhi, Rahul Gandhi was questioned by the ED for several hours in five days. During this, his statements were recorded under the Prevention of Money Laundering Act (PMLA).

The Gandhi family has been questioned by the ED in the “National Herald case” related to Young Indian’s acquisition of Associated Journals Limited (AJL), a company that runs the National Herald newspaper founded by India’s first Prime Minister Jawaharlal Nehru. The Enforcement Directorate says that Young Indian has siphoned off AJL’s assets to the tune of more than ₹800 crore.

According to the Income Tax Department, it should be treated as the property of Sonia Gandhi and Rahul Gandhi, the shareholders of Young Indian, for which they should pay tax. Sonia and Rahul Gandhi are among the promoters and majority shareholders of Young Indian. Like his son, the Congress president also holds 38 per cent stake.

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