National
ED Attaching National Herald Assets , Kapil Sibal Hits Out Says Shareholders Never Owners Of Company’s Assets
Picture : ANI/ X
Rajya Sabha MP Kapil Sibal has slammed the Enforcement Directorate for attaching assets of the Congress-promoted National Herald newspaper and described it as a “new low in politics”.
In a post on X, Sibal said, “Young Indian(YI), Associated Journals Ltd(AJL), ED attaches 752cr worth properties of AJL. Allege: YI shareholders owners of AJL’s assets Cheating and Breach of trust. Law: Shareholders are never owners of the company’s assets. YI is a not-for-profit company. A new low in politics”.
Young Indian(YI)
Associated Journals Ltd(AJL)ED attaches 752cr worth properties of AJL
Allege :
YI shareholders owners of AJL’s assets
Cheating & Breach of trustLaw:
Shareholders are never owners of company’s assets
YI a not for profit companyA new low in politics
— Kapil Sibal (@KapilSibal) November 22, 2023
#WATCH | On ED attaching the properties of AJL and Young Indian in a money laundering case, Rajya Sabha MP Kapil Sibal says, “…ED should know what the law says… Properties are owned by companies. Shareholders do not own properties… To say that they( Young Indian) became… pic.twitter.com/3D1Gzs1xMe
— ANI (@ANI) November 22, 2023
The Enforcement Directorate (ED) had earlier said that it has attached immovable assets and equity shares worth about Rs 752 crore as part of its ongoing money laundering investigation against the National Herald newspaper and companies linked to it.
The provisional attachment order came as elections in five states of Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana, and Mizoram are in progress and the counting of votes is scheduled to be held on December 3.
