Srinagar: The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into a money laundering scheme tied to terrorist financing. On Friday, the ED announced it had attached a residential property in Srinagar's Bemina worth Rs 1.5 crore.
The property, according to the ED, is associated with Abdul Momin Peer, who, along with his relatives and associates, has been implicated in the illegal drug trade to support terrorist activities in Jammu and Kashmir. Peer was apprehended by the Jammu and Kashmir Police with six kg of heroin and Rs 20 lakh in cash at a checkpoint.
Further seizures of Rs 1.15 crore and 15 kg of heroin from his family and associates underscore the extensive nature of the operation. The attachment order falls under the Prevention of Money Laundering Act (PMLA), aiming to curb the financial networks that support terrorism, the ED stated.
