ed raid: Two Sharp with ET: ED raids Anil Ambani firms & India to be world's third largest economy by 2028 - The Economic Times Video
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Time of India
an hour ago
- Time of India
National Herald case: Delhi Court defers order on cognisance of ED chargesheet, matter listed for Aug 7
A Delhi court on Tuesday deferred its order on taking cognisance of the chargesheet filed by the Enforcement Directorate (ED) in the National Herald case . Court sources said the matter is now listed for August 7 and 8 for certain clarifications. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Digital Marketing Product Management Others MBA Finance healthcare Data Science others PGDM Data Analytics Public Policy Leadership Management Data Science Degree Cybersecurity Project Management MCA Design Thinking CXO Operations Management Healthcare Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Earlier on July 15, Special judge Vishal Gogne had reserved the order for July 29 after noting that the submissions on the aspect of cognisance had been concluded. The court had been hearing the submissions on the point of cognisance by the Enforcement Directorate and the accused on a day-to-day basis from July 2. The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi , late party leaders Motilal Vora and Oscar Fernandes, as well as Suman Dubey, Sam Pitroda and a private company, Young Indian, of conspiracy and money laundering over the alleged fraudulent takeover of Rs 2,000 crore worth properties belonging to Associated Journals Limited (AJL), which published the National Herald newspaper. Live Events The agency alleges that the Gandhis held the majority 76 per cent shares in Young Indian, which allegedly fraudulently usurped the assets of AJL in exchange for a Rs 90 crore loan. The chargesheet names Sonia Gandhi and Rahul Gandhi, Pitroda, Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise Pvt Ltd.
New Indian Express
an hour ago
- New Indian Express
National Herald case: Delhi Court defers order on cognisance of ED chargesheet
NEW DELHI: A Delhi court on Tuesday postponed its order on taking cognisance of the chargesheet filed by the Enforcement Directorate (ED) in the National Herald case, listing the matter for August 7 and 8 to seek certain clarifications. The order was initially reserved for July 29 by Special Judge Vishal Gogne, after day-to-day hearings on the matter of cognisance concluded earlier this month. The court had been hearing arguments from both the ED and the accused since July 2. The chargesheet names Congress leaders Sonia Gandhi and Rahul Gandhi, along with late leaders Motilal Vora and Oscar Fernandes, Suman Dubey, Sam Pitroda, and entities Young Indian and Dotex Merchandise Pvt Ltd. According to the ED, the accused were involved in a conspiracy and money laundering linked to the alleged fraudulent takeover of assets worth Rs 2,000 crore from Associated Journals Ltd (AJL), the publisher of the now-defunct National Herald newspaper. The agency claims that the Gandhis held a 76% stake in Young Indian, which acquired AJL's assets in lieu of a Rs 90 crore loan.
NDTV
an hour ago
- NDTV
Raids In Maharashtra Linked To Vasai-Virar Illegal Construction Scam
Mumbai: The Enforcement Directorate (ED) on Tuesday launched a fresh round of raids in Maharashtra as part of its money-laundering investigation into an illegal construction scam, with a focus on former Vasai-Virar Municipal Commissioner Anil Pawar. His residence and office premises were among the 12 locations searched across Vasai, Virar, Nashik and Mumbai. The searches come just a day after Mr Pawar's official farewell following his transfer, intensifying suspicions about his alleged role in facilitating unauthorised building approvals during his tenure. The ED probe revolves around the construction of 41 illegal buildings on approximately 60 acres of land earmarked for a sewage treatment plant and dumping ground under the Vasai-Virar civic development plan. Probe agency alleges that several civic officials, in collusion with local builders, approved forged documents and fake sale agreements to enable these constructions. The buildings were sold primarily to lower-income buyers, many of whom were unaware of the legal violations. Earlier phases of the ED operation, conducted in May and July, uncovered widespread corruption involving town planning officials and political figures. Among those raided were YS Reddy, former Deputy Director of Town Planning, from whose Hyderabad residence ED recovered Rs 8.6 crore in cash and Rs 23 crore worth of jewellery and bullion. The agency also froze financial assets worth Rs 12 crore. Other individuals under scrutiny include Sitaram Gupta, an ex-corporator, from whose home Rs 45 lakh in cash was recovered hidden behind a plywood panel, and Vijay Tambat, allegedly connected to criminal networks. All 41 buildings were demolished earlier this year by court order, displacing around 2,500 families. The Bombay High Court and Supreme Court had mandated government-led rehabilitation efforts.
