National Herald Case: Delhi Court Probes Allegations of Asset Usurpation by Congress Leadership
ED's Allegations on AJL's ₹2,000 Crore Assets In the ongoing hearing of the high-stakes National Herald money laundering case, the Rouse Avenue Court in Delhi has raised crucial questions regarding the alleged misappropriation of Associated Journals Limited’s (AJL) assets worth ₹2,000 crore. The Enforcement Directorate (ED), represented by Additional Solicitor General (ASG) S.V. Raju, has argued that the transfer of AJL to Young Indian—a company allegedly controlled by Congress leaders Sonia Gandhi and Rahul Gandhi—was not a legitimate business transaction but a calculated conspiracy to gain control of valuable real estate assets. ₹90 Crore Loan for ₹2,000 Crore Company: A “Sham Transaction”? The ED contended that the Indian National Congress extended a loan of ₹90.25 crore to AJL, which was financially struggling and unable to repay its dues. In a series of moves that the ED claims are fraudulent, Young Indian was allegedly formed and took over AJL’s massive assets in ex...