The Enforcement Directorate (ED) has seized assets worth Rs 11.86 crore of former Jammu and Kashmir Chief Minister Farooq Abdullah (Farooq Abdullah) and others. This has been done under investigation of money laundering case related to financial irregularities in Jammu and Kashmir Cricket Association. The agency has issued a provisional attachment order under the provision of Money Laundering Act and the seized property is located in Jammu and Srinagar.
ED questioned many times
Two immovable properties are residential, one is commercial property while three other plots of land have also been seized by the Enforcement Directorate. The book value of these seized properties is Rs 11.86 crore, while their market value is around Rs 60-70 crore. The 83-year-old National Conference leader has been questioned several times in this case by the ED. It was last performed in Srinagar in October.
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Omar Abdullah termed the case baseless
Former Jammu and Kashmir Chief Minister Omar Abdullah termed the ED’s provisional order to seize his father’s property as baseless and wondered whether a How can ancestral property be considered part of crime. In a tweet, National Conference Vice President Omar said that his address Farooq is in touch with his lawyers and will fight these baseless allegations in the court of law.
Dr Abdullah is in touch with his lawyers & will fight all these baseless charges in the one place that matters – a court of law, where everyone is presumed to be innocent & is entitled to a fair trial unlike in the court of the media or the court of BJP managed social media.
– Omar Abdullah (@OmarAbdullah) December 19, 2020
He said that everyone has the right to a fair trial. Which is different from media court or social media managed by BJP. Omar surprised that the attached property is mostly ancestral, built from the 1970s to the most recent of 2003.
(Input: PTI)