According to probe agency officials, the searches are being conducted to “collect additional evidence in respect of marks of money” under criminal sections of the Prevention of Money Laundering Act (PMLA).
The raid at Herald House, Bahadur Shah Zafar Marg is a part of an ongoing attack against India’s main opposition… https://t.co/JtT9bc6pjo
— jairam ramesh (@jairam_ramesh) 1659426593000
National Herald case The PMLA aims to probe alleged financial irregularities, registered about nine months ago by a trial court after taking cognizance of an investigation by the Income Tax (IT) department on the basis of a private criminal complaint filed by the former. Bharatiya Janata Party 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 Private Limited (YIL), including Sonia Gandhi and his son had 38 per cent stake. Everyone shares.
The promoters of YIL include Sonia Gandhi and Rahul Gandhi. After Swamy had alleged that the Gandhi family had committed fraud and misappropriation of funds, YIL gained the right to recover Rs 90.25 crore by paying only Rs 50 lakh, which AJL owed the Congress.
watch Enforcement Directorate raids offices of National Herald newspaper