ED attaches Rs 11.86-crore assets of Farooq Abdullah

New Delhi, December 19

The ED has attached assets worth Rs 11.86 crore of former Jammu and Kashmir CM Farooq Abdullah and others in connection with a money laundering probe linked to alleged financial irregularities in the Jammu and Kashmir Cricket Association, official sources said on Saturday.

The agency has issued a provisional attachment order under the Prevention of Money Laundering Act. The attached properties are located in Jammu and Srinagar. Three immovable assets —two residential and one commercial — and three plots of land have been attached, an ED official said.

While the book value of the attached properties is Rs 11.86 crore, the market value is about Rs 60-70 crore, he added. — TNS