Wednesday, June 23, 2021
Home News Reports Farooq Abdullah’s assets worth crores attached by the ED in Jammu and Kashmir Cricket...

Farooq Abdullah’s assets worth crores attached by the ED in Jammu and Kashmir Cricket Association money laundering case

The attached properties include residential properties, one commercial property and three plots of land in Srinagar and other places in Jammu and Kashmir

The Enforcement Directorate (ED) has reportedly attached the assets of National Conference Chairperson Farooq Abdullah in a money laundering case. Abdullah’s assets worth Rs 11.86 crore have been attached by the ED in relation to Jammu and Kashmir Cricket Association (JKCA) money laundering case. The ED has issued a provisional attachment order to Abdullah under the Prevention of Money Laundering Act (PMLA) and attached his properties located in Jammu and Srinagar.

According to reports, the attached properties include residential properties, one commercial property and three plots of land. The properties are located in Srinagar and other places in Jammu and Kashmir. The market value of the assets is estimated to be 60-70 crore.

J&K Cricket Association Money Laundering Case

Former J&K Chief Minister Abdullah has been questioned by the ED on multiple occasions in relation to the money laundering case. Abdullah allegedly misused his position as the President of the J&K Cricket Association by making illegal appointments and granting financial powers to those appointees for the purpose of laundering funds.

Rs 43 crore was allegedly siphoned off from the JKCA during Abdullah’s tenure as its President. The amount misappropriated came from a fund of Rs 113 crore provided by the Board of Control for Cricket in India (BCCI) to promote cricket in the State. In 2015, the J&K High Court had transferred the case to the Central Bureau of Investigation (CBI) indicting the state police for failing to carry out the investigation properly. As per allegations, Abdullah was complicit in grabbing approval to operate two bogus accounts of JKCA. These accounts has allowed one accused Ahsan Mirza to remain in control of finances of the sports body even after he ceased to be a treasurer after the 2011 elections.

The CBI had filed a charge sheet in July last year naming Abdullah and three others in the embezzlement of the BCCI funds through the JKCA.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staff
Staff reporter at OpIndia

Related Articles

Trending now

Unconscious Patient in ICU bitten by rats at BMC-run hospital, authorities say ‘injuries are superficial’

The 24-year-old Srinivas Yellappa had undergone eye surgery recently at a BMC-run hospital in Ghatkopar. Rats had bitten on his face while he was lying unconscious.

Uttar Pradesh: One Dilshad caught breaking idols in Hindu temple in Kannauj, accomplice Umar says they were instructed to do so

Kannauj Police superintend Dr Arvind Kumar informed that a case will be filed under NSA against the main accused and others.

Coronavirus: Health Ministry issues advisory to Maharashtra, Kerala and Madhya Pradesh on Delta Plus variant

Delta Plus variant has been detected in samples collected from Maharashtra, Kerala and Madhya Pradesh, which is a cause of concern.

Rana Ayyub tells Harvard University students how to speak ‘truth to power’, after spreading fake news over Ghaziabad fake hate crime

Rana Ayyub interacted with the students of Harvard University over challenges facing journalism and 'speaking truth to power'.

Mamata Banerjee, after promising monthly stipends for women, faces ‘financial shortage’ in keeping her poll promise

West Bengal government might have to cut down on fund allocation to other Departments to keep Lakshmi Bhandar scheme afloat.

Uttar Pradesh: Forced mass religious conversion accused Mohammad Umar Gautam was felicitated by AMU alumni for ‘spreading Islam’

Mohammad Umar Gautam and his associated at the Islamic Dawah Centre(IDC) preyed on vulnerable and poor people, those with listening and speaking disabilities, and converted them to Islam

Recently Popular

Ravish Kumar appears massively frustrated as India administers 85 lakh COVID vaccines in single day, this is why he does not make sense

Ravish Kumar goes on a ranting spree to hate on PM Modi by camouflaging propaganda as 'criticism' over COVID-19 vaccination

How Venkatesh Prasad is winning hearts with his ‘Sanghi’ posts, one tweet at a time

Venkatesh Prasad demonstrated the Surya Namaskar for his followers, performed in deference to the Sun God.

Oxfam says reporting rape cases harms black and marginalised people, blames ‘privileged white women’ for root causes of sexual violence

Oxfam says that fighting against sexual assault legitimises criminal punishment, which harms black and other marginalised people

After MC Kode, Vastavik Muhfaad abuses Lord Krishna while dissing another rapper, songs laced with expletives and drug promotion

In another ‘high on abuses’ song, Muhfaad refers to Hindu gods Ram and Sita in a similar depreciative manner.

After being slammed by Bombay HC for lack of evidence, Mumbai police names Arnab Goswami as an accused in second TRP chargesheet

Republic TV had submitted before Bombay HC that Mumbai Police have deliberately not named Arnab Goswami in charge sheet to keep the investigation open
- Advertisement -


Connect with us