INDIA: The Congress Party of India, currently holding protests against the probe into the money laundering case of the National Herald. Amidst all the ongoing investigation, ED is preparing to interrogate anew to Congress President Sonia Gandhi and her son Rahul Gandhi.
According to the sources of ED, huge funding from “shell companies” has bankrolled the Young Indian and Associated Journals Limited (AJL) until 2019. The case revolves around financial asymmetry and the Congress supported Young Indian Private Ltd which owns the newspaper, National Herald.
Sources revealed that the alleged company should summon Sonia, Rahul, and Mallikarjun Kharge who is the leader of the opposition in Rajya Sabha and is also the CEO of Young Indian.
Over the last few days, the Enforcement Directorate conducted raids across many premises including the Herald House in Delhi, the working place of Young Indian. The searches succeed in finding entries for payments of unaccounted cash into legit investments.
The Congress party however denies the facts and proofs presented by the ED. They made justifications by saying that, those assets of Associated Journals Limited and the belongings worth Rs 800 crore, are taken over by the Young Indian for just Rs 50 lakh. According to sources, Sonia and Rahul must be invested with a 76% stake in the management of YI.
On Thursday, ED questioned Kharge, the only employee of Young Indian Private Limited. According to sources, there are various other shell companies among which Kolkata-based Dotex Merchandise is the only company in the public domain. However, ED also came across Hawala transactions and operators. These all links made ED seize the Young Indian in the National Herald office.