The case pertains to the allegations of financial irregularities and misappropriation of funds involving the acquisition of Associated Journals Limited (AJL), which once published the National Herald newspaper.
AJL, the publisher of the National Herald newspaper and digital platform, is controlled by Young Indian Private Limited — a company in which both Sonia and Rahul Gandhi hold a 38% stake.
BJP leader Subramanian Swamy, who first filed a complaint in the matter, alleged that Young Indian took over AJL’s assets in a ‘malicious manner’ to gain control of properties worth over Rs 2,000 crore. He further alleged that Sonia Gandhi, Rahul Gandhi, the late Motilal Vora, Oscar Fernandes, Suman Dubey, Sam Pitroda and others were involved in a criminal conspiracy to fraudulently acquire AJL’s assets — valued at over Rs 2,000 crore — for just Rs 50 lakh.
The ED has formally issued notices to property registrars in Delhi, Mumbai, and Lucknow, signaling its intention to assume physical possession of these properties. The properties under scrutiny include high-value real estate in Delhi, Mumbai, and Lucknow — including the iconic Herald House on Bahadur Shah Zafar Marg in central Delhi.
Congress Reacts To ED Chargesheet
Congress leader Jairam Ramesh, reacting to the development, said that seizing the assets of the National Herald is a state-sponsored crime masquerading as the rule of law.
“Filing chargesheets against Smt. Sonia Gandhi, Rahul Gandhi, and some others is nothing but the politics of vendetta and intimidation by the PM and the HM gone completely berserk. The INC and its leadership will not be silenced. Satyameva Jayate,” Jairam Ramesh said in a post on X.
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