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The Hindu
The Hindu
National
The Hindu Bureau

ED unseals, searches Young Indian

The Enforcement Directorate (ED) on Thursday searched the premises of Young Indian in the presence of its principal officer and senior Congress leader Mallikarjun Kharge, in connection with the National Herald case.

The agency had sealed the office temporarily as the search could not be carried out in the absence any company representative on Wednesday. The ED then issued summons to the principal officer seeking his presence at the office for the search.

On Thursday afternoon, as Mr. Kharge reached the Young Indian office, the agency de-sealed the premises and resumed the exercise. It sought relevant information related to the documents found there.

Earlier, the ED had recorded the statements of Congress president Sonia Gandhi and her son Rahul Gandhi, who owned 38% shares each in Young Indian.

The money laundering probe is related to allegations that Young Indian paid only ₹50 lakh to acquire the rights to recover a ₹90.25-crore debt that the Associated Journals Limited owed to the Congress. The party has denied the charge, pointing out that Young Indian is a not-for-profit company.

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