Home / News / India /  National Herald money laundering case: ED conducts raids at Herald house, other multiple locations
Back

The Enforcement Directorate(ED) on Tuesday carried out searches at multiple locations including the Herald House in Delhi and other places in the alleged National Herald money laundering case.

The ED conducted raids at 12 locations including the office of the Congress-owned National Herald newspaper in Delhi in a money laundering case, according to the official sources.

Earlier, the Enforcement Directorate questioned Congress president Sonia Gandhi for nearly three hours last week on Wednesday in the third round of questioning in the National Herald newspaper case.

Sonia Gandhi was questioned by ED on Tuesday also. She had reached the ED office accompanied by her daughter Priyanka Gandhi Vadra.

Officials said that on Tuesday, Sonia Gandhi's response was sought to around 30 questions regarding her involvement with the National Herald newspaper and Young Indian Pvt Ltd, the company under investigation.

During her questioning on Tuesday, the Lok Sabha MP from Rae Bareli was asked about the functioning and running of the newspaper, the role of its various office bearers, and her and

Rahul Gandhi's involvement in the affairs of the National Herald and Young Indian.

Sonia Gandhi had been questioned by ED on July 21 also.

Last month, the ED also questioned Rahul Gandhi for five days in the National Herald case.The case to investigate alleged financial irregularities under the PMLA was registered about nine months ago after a trial court took cognizance of the Income Tax department probe carried out on the basis of a private criminal complaint filed by former Bharatiya Janata Party (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 her son owned 38 per cent shares each.

The YIL promoters include Sonia Gandhi and Rahul Gandhi. Swamy had alleged that the Gandhis cheated and misappropriated funds, with YIL paying only 50 lakh to obtain the right to recover 90.25 crore that AJL owed to Congress.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout
x