ED attaches Rs16-crore assets of Naik’s family

New Delhi, January 19

The ED has attached assets worth Rs16.4 crore in connection with its probe under the Prevention of Money Laundering Act against Islamic preacher Zakir Naik.

“To disguise the origin of funds and real ownership of properties, initial payments made from Naik’s account were refunded and diverted to those of his wife, son and niece and re-routed to make bookings in the name of his family, not Naik,” the ED said. — TNS