Anti-Corruption Body Clears Probe Agency Action On National Herald 752 Crores Assets

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  • Published On: April 11, 2024
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The PMLA Adjudicating Authority on Wednesday paved the way for the Enforcement Directorate to take possession of about ₹ 752-crore worth assets of Congress party-promoted National Herald newspaper as it upheld a freezing order issued for these properties last year. The authority said in its order that it believes that the movable assets and equity shares that were attached by the ED are proceeds of crime and linked to the offence of money laundering. The agency can now take possession of these assets like the Herald House at ITO in Delhi, land and building in Mumbai, Lucknow and some other locations.

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