Farooq Abdullah’s assets worth Rs 11.86 crore seized by ED in Money Laundering case

The Tatva Staff December 19, 2020

nc chief farooq abdullah meets his son omar abdullah in sub jail in srinagar

Assets worth ₹ 11.86 crore of National Conference president Farooq Abdullah have been attached by the Enforcement Directorate in connection with the Jammu and Kashmir Cricket Association (JKCA) money laundering case, sources in the agency 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 Abdullah, a National Conference MP, and three others, for alleged misappropriation of ₹ 43.69 crore between 2002-11.

The attached properties include three residential houses, one at Gupkar Road, Srinagar; one at Tehsil Katipora, Tanmarg, & one at Bhatindi in Jammu); commercial buildings at posh Residency Road area of Srinagar: ED https://t.co/MhbNetJ0pz
— ANI (@ANI) December 19, 2020

Abdullah had been questioned by the ED in connection with the case in October, this year. The ED’s move had come days after Abdullah announced an alliance with Mehbooba Mufti’s People’s Democratic Party (PDP) and a few other regional groups under the banner of “Peoples Alliance for Gupkar Declaration” to fight for the restoration of Article 370.

The NC had said the ED’s move is linked to Gupkar declaration. “The letter from the Enforcement Directorate came after the Gupkar declaration. It is clear political vendetta after the ‘People’s Alliance’ was formed in Kashmir,” a National Conference spokesperson said.