ED seizes Rs 12-crore worth assets of Farooq Abdullah in JKCA case

The Enforcement Directorate has attached assets worth Rs 11.86 Crores of former Jammu and Kashmir chief minister and National Conference president Farrooq Abdullahin connection with its money laundering probe, sources said on Saturday.The Enforcement Directorate, which investigates financial crimes, is looking into money-laundering allegations connected to the J&K cricket body. The CBI had in 2018 filed a chargesheet against Mr Abdullah, a National Conference MP, and three others, for alleged misappropriation of ₹ 43.69 Crore between 2002-11.

The Enforcement Directorate claimed it has found that between 2006 and 2012, Mr Abdullah misused his position to launder JKCA funds. More than ₹ 45 Crore appear to have been siphoned off including large cash withdrawals, it said.

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