Congress-backed AJL's Bandra-based property attached by ED under PMLA; Motilal Vora named

Cracking down on Congress-backed Associated Journals Limited (AJL) - publisher of National Herald newspaper, Enforcement Directorate on Friday, attached it assets including part of a Bandra-based 9 storey building with 2 basements- worth Rs 16.38 Crores, under Prevention of Money Laundering Act, 2002 (PMLA). attachment order was issued against Associated Journals Limited & Moti Lal Vora - Chairman-Cum-Managing Director AJL. This attachment is part of larger National Herald case, as party has allegedly owns several properties under AJL's name for press functions.

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ED attaches AJL assets

Sources report that Bandra-based property worth Rs 120 crores in total was bought on loan from Syndicate Bank by mortgaging a larger property in Chandigarh's Panchkula area. This transaction was allegedly done between Senior Congress leer Motilal Vora and n-Haryana Chief Minister Bhupinder Singh Hooda. latter h allegedly given Congress party a plot of land in Panchkula for AJL in 1982, taken back in 1992 for non-compliance of said conditions, and n reallocated to Congress in 2005, by Hooda - allegedly awarding extensions against Haryana Urban Development Authority (HUDA) norms.

Big Blow to Gandhis: ED permanently attaches properties worth Rs 64 crore in National Herald Case

ED attaches Haryana property in National herald case

Earlier in December 2018, Enforcement Directorate (ED) h attached Panchkula properties worth Rs. 64 crores. ditionally, ED has also charge-sheeted former Haryana Chief Minister Bhupinder Singh Hooda over alleged illegal allotment of land to AJL. order stated n CM caused wrongful loss to HUDA and wrongful gain to AJL by ignoring legal opinion of LR, Haryana and recommendations of HUDA officers and FCTCP".

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I-T Tribunal order to AJL

AJL  is an unlisted public company that publishes National Herald, before company h incurred losses and its holdings were transferred to Young India in 2011. Previously on November 16, I-T Tribunal dealt a significant blow to top Congress leership by declaring that Young Indian was not a charitable organization. plea filed by former Congress president Rahul Gandhi was rejected. It states that Young Indian is a commercial entity and thus, it cannot get a tax exemption which has paved way for reopening of Rs.100 crore tax case against Rahul Gandhi.

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