ED attaches house worth Rs 1.5 crore in PMLA case

PTI

New Delhi, June 28

The Enforcement Directorate (ED) on Friday said it has attached a house located in Srinagar’s Bemina valued at Rs 1.5 crore as part of a money laundering investigation linked to alleged drugs trade being used to fund terrorist activities in J&K.

The action has been taken against the accused Abdul Momin Peer, the ED said in a statement. The money laundering case stems from an FIR and chargesheet filed by the National Investigation Agency (NIA) against Peer.

Peer was arrested with six kg of heroin and cash amount of Rs 20 lakh by the J&K Police during the course of checking at a checkpoint. Moreover, Rs 1.15 crore and 15 kg heroin were also seized from his relatives and associates by the NIA, the ED said.

Peer, the agency alleged, “in collusion with” his relatives and associates was involved in illegal drug trade for the purpose of furtherance of terror activities. A residential house in Bemina, Srinagar, was identified as proceeds of crime generated out of the illegal drug trade , it said. The agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the house.

#Enforcement Directorate #Kashmir #Srinagar