Last Updated on December 19, 2020 at 7:29 pm
Enforcement Dirctorate 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, official sources 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.
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.
While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore, they added. The 83-year-old NC patron has been questioned by the ED in this case a number of times, the last being in October at Srinagar.
Omar Abdullah, Farooq’s son took to twitter and said, “My father has seen the media reports regarding attachment of his properties in the ongoing investigation in to the JKCA matter. Not surprisingly the media was tipped off regarding the seizure before he had received any official notice or documentation.”
Omar further said “The properties attached are largely ancestral dating from the 1970s with the most recent one built before 2003. There can be no justification for the seizures because they fail the very basic test of having been acquired as the proceeds of the “crime” being investigated”.
