National Affairs

National Herald Case: Young Indian Office Sealed By ED

The Enforcement Directorate on Wednesday temporarily sealed the Young Indian Office at the Congress-owned National Herald Office in Delhi. 

Official sources said that this action has been taken in connection with the investigation of money laundering case by the ED. 

Sources also said the office has been temporarily sealed to “preserve the evidence”, which could not be collected during Tuesday’s raid due to absence of authorized representatives. 

Sources said that the rest of the National Herald’s office is open for use.

It is written in the notice that this office cannot be opened without the permission of the agency. 

Along with this, the police have made heavy security arrangements on the road outside the Congress headquarters. 

Additional police force has also been deployed outside 10 Janpath, the residence of Congress Working President Sonia Gandhi. 

Officials said the ED team has sent an e-mail to the officer/in-charge of the office to open the premises for raids, but the reply is still awaited.

As part of the investigation of the case of laundering, several places were raided on Tuesday, including the office of the National Herald at Herald House, located on Bahadur Shah Zafar Marg near ITO, Delhi.

The National Herald newspaper is published by Associated Journal Limited (AJL). The company’s stake is with Young Indian. 

National Herald is registered in the name of AJL. It is to be noted that 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.”

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. 

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.

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