2016 FUNDING CASE: On court’s order, NIA releases Rs 14 lakh seized from Srinagar businessman in 2017
Srinagar, Feb 19: The National Investigation Agency (NIA) has released the money it had seized from a Srinagar businessman in 2017 as part of its investigations in the 2016 funding case.
The Court of Special Judge, NIA, Jammu, on January 31, ordered the investigating agency to return the amount of Rs 14.13 lakh it had seized from Imran Syed Kawoosa, a Srinagar based businessman, on September 6, 2017.
Kawoosa, represented by Advocates Mustahsun Mattu and Gagan Deep Sharma, had moved an application arguing that the money was his legal business sale being proven by all the GST bills and other documents.
The applicant, who is the proprietor of Kawoosa and Sons, through his counsels, said he needed the money to liquidate the payments of the supplies of his goods.
NIA, in its reply, said it no more required the cash for the investigation purpose and the same be released in favour of Kawoosa.
“…the special public prosecutor, NIA, has stated in the open court (that) NIA has no objection if cash seized in the case is released in favour of its real owner on furnishing his undertaking and indemnity bond,” read the Court order.
“In view of the facts and circumstances of the case and also in view of the no objection stated by NIA for release of aforementioned amount, the present application is allowed to the limited extent of cash only and the same is ordered to be released in favour of applicant…,” it added.
Complying with the Court order, the NIA released the cash in Kawoosa’s favour at its Delhi headquarters a day later.
It is the first material release in the 2016 funding case that has seen multiple arrests including that of businessmen, apart from seizing of cash and documents by the investigating agency.
Back in September 2017, NIA had raided around 27 places in Kashmir, New Delhi and Gurugram (Haryana) in connection with the case and seized cash, trade documents, computers, phones and other equipment from various persons and businessmen.