National Herald Case: Classic Case Of Money Laundering, ED Tells Delhi Court

ED calls National Herald case a textbook example of political money laundering conspiracy.

- TDG NETWORK

This is a classic case where the offence of money laundering is made against all accused, the Enforcement Directorate on Thursday argued before a Delhi court in the National Herald case.

Continuing his argument on the point of chargesheet's cognisance before special judge Vishal Gogne, additional solicitor general S V Raju said Sonia and Rahul Gandhi were the "beneficial owners" of Young Indian and acquired 100 per cent control after the death of other shareholders.

"These two persons controlled the All India Congress Committee (AICC). They saw that AICC released a Rs 90 crore loan (to Associated Journals Limited or AJL, a Rs 2,000 crore company, the publisher of the National Herald newspaper). The purpose... target was to have Rs 2,000 crore," Raju said.