Enforcement Directorate (ED) on Tuesday stated it has provisionally connected properties worth Rs 751.9 crore in a cash laundering case linked to the National Herald case.
“During the probe of the case it was found that Associated Journals Ltd. (AJL) is in possession of proceeds of crime in the form of immovable properties spread across many cities such as Delhi, Mumbai and Lucknow to the tune of Rs. 661.69 Crore and Young Indian (YI) is in possession of proceeds of crime to the tune of Rs. 90.21 Crore in the form of investment in equity shares of AJL, adds Enforcement Directorate (ED),” the ED stated in a press release.
A provisional order has been issued underneath the Prevention of Money Laundering Act (PMLA) towards the newspaper’s writer Associated Journals Ltd. and its holding firm Young Indian, the central probe company stated in a press release.
National Herald case: DK Shivakumar seems earlier than ED once more
Earlier in one other growth in the case, Karnataka Congress president D Okay Shivakumar on Monday appeared earlier than the Enforcement Directorate in Delhi for a recent spherical of questioning in the National Herald case.
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This is the second time that the federal company is recording his assertion in the case that has been registered underneath the prison sections of the Prevention of Money Laundering Act (PMLA).
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The 60-year-old former Karnataka cupboard minister informed reporters he has furnished all paperwork sought by the company in reference to the probe and that he had to depose once more regardless of in search of a three-week deferment of the summons.
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Sonia Gandhi, Rahul Gandhi and different senior Congress leaders like Mallikarjun Kharge and Pawan Bansal have been questioned by the ED over the previous couple of months in the National Herald cash laundering case.
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The Gandhis are the bulk shareholders of Young Indian. In May this yr, the company filed a cost sheet towards him and a few others linked to him in this case.
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Congress president Sonia Gandhi’s political secretary, the late Ahmed Patel, had fought the Rajya Sabha election from Gujarat in 2017 and Shivakumar had hosted 44 Gujarat Congress MLAs on the resort to preserve the flock collectively.
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