The Enforcement Directorate (ED) on Wednesday told a Delhi court that the National Herald case is a 바카라˜prima facie바카라™ case of money laundering, made out against Congress politicians Sonia Gandhi and Rahul Gandhi, as per PTI.
Advocate Zoheb Hossain appeared for the Enforcement Directorate and took the court through the timeline of the case and the three entities involved in the case, the All India Congress Committee, Associated Journals Limited and Young Indian Ltd.
The ED presented the submission before special judge Vishal Gogne. A Delhi Court will be conducting day-to-day hearing between July 2 to July 8 regarding the National Herald case, as per Live Law.
The judge asked the ED to provide a copy of its chargesheet to the BJP leader Subramanian Swamy who filed a private complaint on which ED바카라™s case is based.
The court asked, as per Live Law, "Underlining allegation is ownership is implicitly transferred to first two accused so who owns the properties as on date young Indian or AJL? In very simple words if property of A is usurped by B, does it become proceeds of crime in the hands of B?"
Hossain stated that he will be back with answers for court's queries.
On May 2, Delhi court issued notice to Sonia Gandhi and Rahul Gandhi, saying , "Sonia Gandhi, Rahul Gandhi right to be heard at the time of cognisance of the chargesheet."
What is the National Herald money laundering case?
The National Herald newspaper was started by India's first Prime Minister Pandit Jawaharlal Nehru in 1938. AJL, which published National Herald along with 'Qaumi Awaz' in Urdu and 'Navjeevan' in Hindi, did not belong to any one person but was founded in 1937 with 5,000 other freedom fighters as its shareholders. There were 1,057 shareholders in 2010.
Separately, Sonia Gandhi and Rahul Gandhi are majority shareholders of YIL which later acquired AJL, together owning 76 percent of the shares.
The ED claimed its investigation has "conclusively" found that YIL, "beneficially owned" by Sonia Gandhi and Rahul Gandhi, "acquired" AJL properties worth rupees 2,000 crore for a mere rupees 50 lakh, significantly undervaluing its worth.
