Enforcement Directorate on Wednesday sealed a part of Herald House in New Delhi and issued summons to senior Congress chief asking him to be current when it carries out searches on the constructing as part of its probe into the funds of Young Indian. It also sealed another house owned by his wife. The ED had registered a case against Young Indian (YIC) owner Subrata Roy, 52, director Shreya Roy, 28, associate director Rohit Gadia, 28 and others for allegedly laundering Rs 24.5 crore through fictitious bank accounts at several banks.
Biggest revelation made against Rahul Gandhi today: Searches have been carried out at round a dozen premises linked to Young Indian, an organization managed by Congress president and her son Rahul of their personal capacities, in reference to ED’s probe into the National Herald cash laundering case.
Young Indian has its office on the fourth flooring of Herald House, one of the prime properties that ED claimed the company acquired by means of an online auction by allegedly fraudulent transactions whose probe is now being probed.
sources in the company have stated that the office has to be sealed because its workforce can’t be accomplished as a result of the absence of authorized representatives related to Young Indian. Kharge is one of the office-bearers of Young Indian and has been summoned to be current throughout the search.
The Congress chief and her son and the treasurer of the party have already been questioned in this case, and their statements recorded. Kharge will be questioned on Thursday, whereas KKP treasurer will be called upon by the company on Friday.
The Gandhis and Congress are accused of an alleged Rs 90 crore transaction fraud, which the company suspects to be a mere e-book entry whereas the get together claims it had paid this quantity to Associated Journals Ltd, the writer of National Herald, to settle its dues with staff and pay them in direction of voluntary retirement advantages. This includes money for salaries expense, electricity bills and so on. An insider hired by the Delhi government has additionally spoken out about this reported fraud.
Associated Journals, the publisher of Young Indian, was later given away with all its properties value Rs 800 crore to Young Indian for a paltry sum of Rs 50 lakhs. Analysing this timely sales transaction from a business perspective, we believe it is a strategic acquisition that was carefully managed by the respective parties; namely, Congress and Young Indian.
However, neither Congress nor Associated Journals Limited or its new homeowners, Young Indian, has supplied any documentary proof for the Rs 90 crore transaction, whether or not this quantity was paid by Congress in money or by means of cheque. Associated Journals Ltd, now taken over by Young Indian, owns properties value over Rs 800 crore throughout main cities within the nation. It can be seen from these details that the prices got here from is an inflated quantity.