New Delhi: The ED on Saturday linked residential and industrial properties price virtually Rs 12 crore of worn Jammu and Kashmir chief minister Farooq Abdullah in an ongoing case of alleged money laundering, drawing tough response from his party National Convention (NC) which stated these properties were “largely ancestral” and he would scenario the action in a court docket of regulations.
Amongst the properties linked is a condo on Gupkar Avenue where the 84-three hundred and sixty five days-extinct leader has been residing for several a long time.
The condo is speculated to had been inbuilt the 1970s by his father behind Sheikh Mohammed Abdullah, the erstwhile pronounce’s chief minister, and is speculated to had been inherited by Farooq Abdullah.
The action, which comes hours after the eight-phased District Improve Council (DDC) election used to be over, has been taken by the Enforcement Directorate (ED) in reference to its probe in the Jammu and Kashmir Cricket Association (JKCA).
The central probe agency issued a provisional remark for attachment of the properties below the Prevention of Money Laundering Act (PMLA) in opposition to which an charm shall be filed earlier than the adjudicating authority of the PMLA within six month interval.
The authority decides on the good thing about the attachment and if it okays the ED action, the agency proceeds to confiscate the stated asset.
The accused can further charm in opposition to this remark of the adjudicating authority earlier than the appellate authority of the PMLA followed by the trial court docket, high court docket and the Supreme Court.
His son and worn chief minister Omar Abdullah termed the provisional attachment remark of properties belonging to his father by the ED as “baseless” and puzzled how an ancestral property shall be considered as proceeds of “crime”.
In a sequence of tweets, Omar Abdullah, who’s the vice president of the NC, stated his father “is in contact alongside with his lawyers and might well maybe maybe simply soundless fight all these baseless charges in the one predicament that matters – a court docket of regulations”.
He stated all people appears to be presumed to be innocent and is entitled to a nice trial “no longer like in the court docket of the media or the court docket of BJP managed social media”.
He expressed wonder that the properties linked are largely ancestral dating from the 1970s with the most novel one constructed earlier than 2003.
“There also can be no justification for the seizures because they fail the very fashioned test of having been got because the proceeds of the ‘crime’ being investigated,” he stated.
In conserving with the ED statement, “the linked properties embrace three residential homes — one at Gupkar Avenue in Srinagar, one other at KatiporaTehsil in Tanmarg and one at Bhatindi in Sunjwan village of Jammu.”
“A industrial building at posh Residency Avenue in Srinagar has also been linked besides lands at four utterly different areas in J&Okay,” the agency stated in an announcement.
Whereas the book sign of those linked properties is Rs 11.86 crore, their market sign is estimated to be about Rs 60-70 crore, officials stated.
The 84-three hundred and sixty five days-extinct NC patron has been wondered by the ED in this case a preference of times, the final being in October at Srinagar.
The linked properties of Abdullah at Gupkar Avenue and at Residency Avenue (prime upmarket areas) are on pronounce land that has been obtained on lease, it stated.
The condo at Bhatindi (Jammu) has been constructed by Abdullah on a “grabbed” woodland land of the authorities, the agency alleged.
The ED alleged Abdullah “misused” his field because the president of the JKCA in the past and made appointments in the sports activities physique so that BCCI sponsored funds shall be laundered.
The statement stated ED probe has found that “JKCA funds to the tune of larger than Rs 45 crore had been siphoned, which entails immense cash withdrawals to the tune of Rs 25 crore, with out a corresponding justification”.
It stated between 2005-2011, JKCA got a total Rs 109.78 crore funds from the BCCI for conducting a mode of cricket activities in the erstwhile pronounce.
“Between 2006-January 2012, when Dr Farooq Abdullah used to be the President of JKCA, he misused his field and clout by unlawful appointments of place of job bearers at JKCA to whom he gave financial powers for the aim of laundering of JKCA funds.”
“Abdullah used to be instrumental as neatly as beneficiary of the laundered funds of JKCA,” the agency alleged.
It stated that “no subject existing normal bank legend of JKCA, six unique bank accounts were opened for parking of JKCA funds and siphoning of the identical.”
“One dormant bank legend in the establish of Kashmir fly of JKCA used to be also made operational for the identical aim,” the ED stated, including the JKCA funds were “layered” thru advanced inter-bank transfers in the entire bank accounts and also by transfer to several private bank accounts, followed by siphoning of the funds.
Reacting sharply to this, CPM leader Mohammad Yousuf Tarigami the attachment remark of the ED used to be nothing but a political vendetta because the BJP authorities has been scared by the crimson meat up of oldsters to Peoples’ Alliance for Gupkar Declaration (PAGD) in the pleasant concluded DDC polls.
“Attaching the property of Dr Abdullah is section of vindictive politics practised by the Central authorities to homicide dissent and incompatibility in each place in the nation and the ticket case has surfaced at a time when the DDC polls like pleasant concluded,” he stated.
He stated the the BJP authorities “must realise the dangers of witch-hunting and intimidation and desist from vindictive designs. It is time for secular democratic forces in each place in the nation to elevate their enlighten in opposition to such designs of the BJP authorities”.