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

The adjudicating authority under the Prevention of Money Laundering Act on Wednesday upheld the freezing of assets worth Rs 751.9 crore of the National Herald newspaper, which is promoted by the Congress, The Indian Express reported.

The order allows the Enforcement Directorate to take possession of the assets. However, the final confiscation of these properties can be carried out only if the trial court rules in favour of the prosecution.

The assets include the Herald House in Delhi as well as properties in Mumbai, Lucknow and some other locations, according to PTI.