National Herald Case: Congress on Tuesday (November 21) reacted to the Enforcement Directorate’s (ED) decision to freeze assets belonging to Associated Journals Limited (AJL) and Young Indian (YI) in the National Herald money laundering case investigation.
In this regard, Congress spokesperson Abhishek Singhvi said that this decision has been taken to divert attention from the defeat in the ongoing elections in 5 states and it also shows the frustration of the ED.
He said, “The action being taken under the Prevention of Money Laundering Act is only a way to divert attention. No immovable property has been transferred in the case. Even money is not moving around.” The Congress leader further said. That there is no complainant who claims that he has been cheated.
‘No one can save BJP from defeat’
According to Hindustan Times, Singhvi said, “No alliance partner of BJP (CBI, ED or IT) can save it from defeat. There is no excuse for justifying the attachment and seizure of assets of a company that raised the voice of the Indian independence movement. “An assignment is being prepared for transfer of immovable property. That too just because it belongs to the Congress.”
— Abhishek Singhvi (@DrAMSinghvi) November 21, 2023
The Congress leader further said that Congress will not be at all afraid of this politics of revenge. At the same time, Congress General Secretary (Organization) KC Venugopal also said in a post on X, “It is shameful for ED to seize the properties of AJL and Young Indian in a frivolous and fabricated case.
Assets worth Rs 751 crore seized
It is noteworthy that the Enforcement Directorate (ED) has seized assets worth Rs 751 crore of Associated Journals Limited (AJL) and Young Indian (YI). Apart from this, immovable properties worth Rs 661 crore of AJL in Delhi, Mumbai and Lucknow have been attached, while equity shares of YI have also been attached.
Earlier, the Enforcement Directorate issued an order to temporarily attach properties worth Rs 751.9 crore of both the companies in a money-laundering case under the Prevention of Money Laundering Act 2002.
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