Government

ED Attaches Rs 11.86-Crore Assets of Farooq Abdullah; 'No Justification,' Says Omar

Omar has called the ED's allegation "baseless" and wondered how an ancestral property could be seen as proceeds of "crime".

New Delhi: The Enforcement Directorate has attached assets worth Rs 11.86 crore of former Jammu and Kashmir chief minister Farooq Abdullah and others in connection with its money laundering probe linked to alleged financial irregularities in the Jammu and Kashmir Cricket Association, PTI quoted official sources as having said on Saturday.

They said the agency has issued a provisional attachment order under the Prevention of Money Laundering Act and the attached properties are located in Jammu and Srinagar.

“While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore,” ED sources told PTI.

Two immovable assets are residential, one is a commercial property while three other plots of land have also been attached by the Enforcement Directorate, they said.

Abdullah’s son Omar has called the ED’s allegation “baseless” and wondered how an ancestral property could be seen as proceeds of “crime”.

He said that his father came to know about the attachment of his properties in the ongoing investigation into the JKCA matter through media.

“Not surprisingly the media was tipped off regarding the seizure before he had received any official notice or documentation,” he said.

The 83-year-old NC patron “is in touch with his lawyers and will fight all these baseless charges in the one place that matters – a court of law”.

Senior CPI(M) leader and former legislator M.Y. Tarigami said the ED’s move is part of vindictive politics practiced by the central government to kill dissent and disagreement across the country.

(With PTI inputs)