Money laundering probe: ED seals Young Indian Ltd. office in National Herald premises in Delhi

The ED had on Tuesday raided a dozen locations, including the National Herald office as part of its money laundering probe in the National Herald-Associated Journals Ltd-Young Indian deal.
Sealed Young Indian Ltd. (YI) office in the premises of Congress-owned Herald House, in New Delhi, on August 3, 2022. (Photo | PTI)
Sealed Young Indian Ltd. (YI) office in the premises of Congress-owned Herald House, in New Delhi, on August 3, 2022. (Photo | PTI)

NEW DELHI: The Enforcement Directorate (ED) on Wednesday temporarily sealed the premises of Young Indian Ltd. (YI) in the Congress-owned National Herald office in Delhi as part of an ongoing money laundering investigation, official sources said.

The temporary seal has been put in order to "preserve the evidence" which could not be collected as authorised representatives were not present during the raids on Tuesday, they said.

The rest of the National Herald office is open for use, the sources added.

The notice pasted under the signature of the ED investigating officer outside the YI office space said it cannot be opened "without prior permission" from the agency.

Officials said the ED team had emailed the principal officer/in-charge of the office to open the premises for it to carry out raids but the response was awaited.

The ED had on Tuesday raided a dozen locations, including the National Herald office in Herald House at Bahadur Shah Zafar Marg near ITO as part of its money laundering probe in the National Herald-AJL-Young Indian deal.

The National Herald newspaper is published by Associated Journals Ltd. (AJL) and its holding company is Young Indian.

The National Herald is registered in the name of AJL.

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