New Delhi: The Enforcement Directorate (ED) has seized assets totaling more than Rs 751 crore linked to Associated Journals Ltd. (AJL) in connection with the ongoing money laundering investigation related to the #NationalHeraldCase.
According to statements from the ED, their probe has uncovered that AJL possesses alleged proceeds of crime, primarily in the form of immovable properties spanning various cities in India, including Delhi, Mumbai, and Lucknow, with an estimated value of Rs 661.69 crore.accusations.
The ED further disclosed that Young Indian, another entity under scrutiny, is reportedly in possession of proceeds of crime amounting to Rs 90.21 crore.
These funds are said to be tied to investments in equity shares of AJL.
The developments underscore the widening scope of the investigation into financial irregularities associated with the National Herald case.
