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ED heat on money laundering case: Raids at multiple locations linked to National Herald, including its office

By Ruchi Upadhyay 
Updated Date

New Delhi: In the breaking development in case, Big crackdown by ED after Sonia and Rahul quizzing, searches on at National Herald house. Days after Congress President Sonia Gandhi was questioned by the Enforcement Directorate (ED) in an alleged money laundering case related to the National Herald newspaper, today around ten locations, including the National Herald newspaper offices, were raided. The ED had asked Sonia Gandhi more than 100 questions in the matter for three days last month.

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ED raids on National Herald locations in search of documents. During this, documents of the meeting held at 10 Janpath are also being searched. Many important people related to this matter can also be raided. Raids at Herald House are currently being conducted at the National Herald and Navjeevan’s office, Herald House.

Earlier on July 27, ED had questioned Sonia Gandhi for about 11 hours. This inquiry lasted for 3 days. During this, the ED had asked Sonia more than 40 questions related to the Herald. Before Sonia, ED has also questioned Rahul Gandhi for more than 50 hours. However, the Congress is strongly opposing the questioning of Sonia Gandhi and Rahil Gandhi.

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 misappropriated more than ₹ 800 crore in the assets of AJL. 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.

What is the National Herald Case?
The National Herald newspaper was started by Pandit Jawaharlal Nehru in the year 1938. The responsibility of running this news paper was with a company named Associated Journals Limited (AJL). Congress and Gandhi family dominated this company from the beginning. Nearly 70 years later, in 2008, this newspaper had to be closed due to losses, when the Congress gave a loan of Rs 90 crore to AJL from party funds without interest. Then Sonia and Rahul Gandhi formed a new company named ‘Young Indian’. Young Indian got 99 per cent stake in the company in lieu of loan given to Associated Journals. Sonia and Rahul Gandhi hold 38 per cent each in Young Indian Company, while the rest was held by Motilal Bora and Oscar Fernandes.

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