ED Attaches Rs 1.5-Cr House in Srinagar in Drug Trafficking Probe

PTK MONITORING DESK

New Delhi :The Enforcement Directorate (ED) has taken a significant step in its ongoing investigation into drug trafficking and its links to terrorist activities in Jammu and Kashmir. On Friday, the ED announced the attachment of a house valued at Rs 1.5 crore in Bemina, Srinagar, as part of a money laundering probe.

The property belongs to Abdul Momin Peer, who is at the center of the investigation. The case, initiated by the ED, is based on an FIR and chargesheet filed by the National Investigation Agency (NIA) against Peer, who has been accused of using the proceeds from drug trafficking to fund terrorism.

Peer was apprehended by the Jammu and Kashmir Police at a checkpoint with six kilograms of heroin and Rs 20 lakh in cash. Following this, the NIA seized an additional Rs 1.15 crore and 15 kilograms of heroin from his relatives and associates.

According to the ED, Peer, along with his relatives Islam-Ul-Haq Peer, Syed Iftikhar Andrabi, Syed Saleem Andrabi, and other associates, has been deeply involved in the illegal drug trade. This trade, the ED alleges, has been a significant source of funding for terrorist activities. Peer has previously been arrested twice by the Jammu and Kashmir Police for similar offenses.

The house in Bemina, which has been attached under a provisional order by the ED under the Prevention of Money Laundering Act (PMLA), was purchased in the name of Peer’s wife, Syed Sadaf Andrabi. The property has been identified as a proceed of crime generated from the illegal drug trade.

This action is a part of the ED’s broader efforts to curb the financing of terrorism through illegal activities such as drug trafficking. The attachment of the house in Bemina marks a crucial step in dismantling the financial networks that support terrorist operations in the region.