New Delhi: Investigative agency Enforcement Directorate (ED) on Saturday attached properties of National Conference president Farooq Abdullah valued around Rs 11.86 crores under PMLA in connection with the laundering of funds of Jammu & Kashmir Cricket Association (JKCA).
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“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,” the agency said in a statement. While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore, they added. Also Read - 3 Former J&K Chief Ministers Under House Arrest Ahead of Protest Against Delimitation Commission
Talking to news agency IANS, an ED source told, “We have attached six properties of Abdullah in which three are residential buildings while two are plots.” He added the properties of the National Conference (NC) leader have been attached under the Prevention of Money Laundering Act (PMLA). Also Read - Aishwarya Rai Summoned by ED in Panama Papers Case
The ED has questioned Abdullah twice in connection with a case of alleged misappropriation of funds when he was the chairman of the J&K Cricket Association.