In connection with a money laundering case, the Enforcement Directorate, a probe agency, confiscated assets valued at Rs 751.9 crore from Associated Journals Limited and Young Indian, two organisations connected to the Congress.
In response to a 2014 allegation, the ED launched the money-laundering investigation in accordance with a court order.
A Delhi court found that seven the accused, among them Young India, had engaged in criminal conspiracy, dishonest property misappropriation, criminal breach of trust, and defrauding.
It was found that there was a plot to use Young Indian to purchase properties valued at hundreds of crores of AJL. After receiving land at discounted rates for the purpose of publishing newspapers, AJL shut down in 2008 and turned the properties into a commercial venture.
Post Your Comments