6 property of Farooq Abdullah value Rs 11.86 crore seized by ED

Picture Supply : PTI

Former J&Okay chief minister Farooq Abdullah’s property seized in a cash laundering case.

The Enforcement Directorate (ED) on Saturday seized 2 homes, three plots and one property value Rs 11.86 crore of former Jammu and Kashmir chief minister Farooq Abdullah in relation to JK cricket affiliation fund rip-off. The ED has taken motion underneath PMLA act.

The hooked up property of Farooq Abdullah embody one every property at Gupkar Street, Srinagar, Tehsil Katipora, Tanmarg and Bhatindi in Jammu, Additionally one industrial property at Residency Street space of Srinagar has additionally been seized.

They stated the company has issued a provisional attachment order underneath the Prevention of Cash Laundering Act and the hooked up properties are situated in Jammu and Srinagar.

Two immovable property are residential, one is a industrial property whereas three different plots of land have additionally been hooked up by the Enforcement Directorate, they stated.

Whereas the guide worth of those hooked up properties is Rs 11.86 crore, their market worth is about Rs 60-70 crore, they added. The 83-year-old NC patron has been questioned by the ED quite a few occasions on this case, the final being in October at Srinagar.

(With inputs from PTI)

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