Terror funding case: ED attaches assets of over Rs 6 crore of Kashmiri businessman Watali

This is the second attachment that ED has made of Watali’s properties in the case. Last month, the agency had attached a property worth over Rs 1 crore belonging to Watali in Gurgaon.

The Enforcement Directorate (ED) has attached properties worth over Rs 6 crore belonging to Kashmiri businessman Zahoor Ahmed Watali in connection with a case of terror funding.

ED has alleged that Watali was the conduit through which Pakistan and Pakistan-based terror groups funded separatists leaders in Kashmir in order to foment trouble in the Valley.

ED has attached property worth Rs 6.19 crore belonging to Zahoor Ahmad Shah Watali and his family members under Prevention of Money Laundering Act (PMLA), 2002, in the ongoing investigations in terror financing case against Hafiz Muhammad Saeed (founder of Lashkar-e-Taiba and Jamaat-ud-Dawa), Mohd. Yusuf Shah alias Salahuddin (head of Hizb-ul-Mujahideen) and others,” an ED statement said. The properties attached include plots of land at Sozeith Goripora, Narbal and Budgam in Jammu and Kashmir.

This is the second attachment that ED has made of Watali’s properties in the case. Last month, the agency had attached a property worth over Rs 1 crore belonging to Watali in Gurgaon.

The ED had earlier said that it had ascertained that over Rs 7 crore had been generated as proceeds of crime by the accused in the case through terror funding. With this attachment, ED has accounted for all the money that it claims to have…

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