ED Moves to Seize ₹661 Crore Assets in Congress-Linked National Herald Case

ED Moves to Seize ₹661 Crore Assets: On the 12th of April, Saturday, the Enforcement Directorate announced that it has moved toward seizing immovable assets valued at ₹661 crore linked to a money laundering case against the Congress-controlled Associated Journals Limited (AJL). Rahul and Sonia Gandhi own more than 75% of shares in AJL.

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The agency added in its statement that it also affixed these notices at the Herald House, outside ITO in Delhi, at the Bandra location in Mumbai premises, and the AJL Building situated at Bisheshwar Nath Road in Lucknow on Friday.

The notices are for vacating the premises or in case of the Mumbai property, transferring rent to the ED.

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These immovable properties were attached by the ED in November 2023 as part of the money laundering case against AJL and Young Indian.

The action has been taken under Section (8) and Rule 5(1) of PMLA, which talks about the procedure for taking possession of the assets attached by the ED with confirmation from the adjudicating authority (of PMLA).

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