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The PMLA Adjudicating Authority on Wednesday upheld the Enforcement Directorate's (ED) attachment of assets worth Rs 751.9 crore of Congress-promoted National Herald newspaper and companies linked to it in a money laundering case.
The authority said in its order that it holds the belief that the movable assets and equity shares, which were seized by the ED, constitute proceeds of crime and are connected 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. The final confiscation of these assets can be done once the trial court rules in favour of the prosecution (ED).
