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JKCA case: ED attaches Farooq Abdullah’s properties worth crores

Srinagar: The Enforcement Directorate has attached assets worth Rs 11.86 crore of former Jammu and Kashmir chief minister Farooq Abdullah and others in connection with its money laundering probe linked to alleged financial irregularities in the Jammu and Kashmir Cricket Association, reports said on Saturday.

The agency has issued a provisional attachment order under the Prevention of Money Laundering Act and the attached properties are located in Jammu and Srinagar, reported news agency PTI.

 

“Two immovable assets are residential, one is a commercial property while three other plots of land have also been attached by the Enforcement Directorate,” the report quoting sources said.

According to initial reports, the attached properties include three residential houses, one at Gupkar Road, Srinagar; one at Tehsil Katipora, Tanmarg, and one at Bhatindi in Jammu as well as commercial buildings at posh Residency Road area of Srinagar.

“While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore,” it added.

The 83-year-old NC patron has been questioned by the ED in this case a number of times, the last being in October at Srinagar.