ED imposes Rs 14.4 lakh penalty on Geelani

Srinagar, Mar 22: The Enforcement Directorate (ED) Friday imposed Rs 14.4 lakh penalty, on Hurriyat (G) chairman Syed Ali Shah Geelani for “illegally” possessing foreign exchange of around $10,000, news agency PTI reported.
After completion of the probe and adjudication proceeding, the ED an order on Wednesday under the Foreign Exchange Management Act (FEMA), levying the penalty and confiscating forex of $10,000 that was allegedly recovered from Geelani, they said.
The ED will also impose a penalty on Yasin Malik, Chairman of Jammu Kashmir Liberation Front (JKLF) and confiscate foreign exchange recovered from him. The adjudication proceedings against Malik are in progress.
On Wednesday, a Delhi court also allowed ED to quiz Geelani’s son-in-law Altaf Shah and others in connection with an alleged funding case.