ED searches at Srinagar in terror funding hawala case

The ED today conducted searches at multiple locations in Jammu and Kashmir's capital here in connection with an alleged terror funding and hawala case involving over Rs 20 crore funds.

Published: 10th August 2017 02:22 PM  |   Last Updated: 10th August 2017 02:22 PM   |  A+A-

ED is conducting searches against one Sheikh Ashiq Ahmad and at least three premises connected to him. | Picture Courtesy: ANI

By ANI

SRINAGAR: The ED today conducted searches at multiple locations in Jammu and Kashmir's capital here in connection with an alleged terror funding and hawala case involving over Rs 20 crore funds.

Officials privy to the operations of the Enforcement Directorate (ED) said the agency is conducting searches against one Sheikh Ashiq Ahmad and at least three premises connected to him.

They said Sheikh's house in Ahmad Nagar and a firm identified as Al Khuddam Tours and Travels in Srinagar town are being searched.

The central agency has roped in the state police for conducting the searches, they said.

The ED is probing the case under sections of the Foreign Exchange Management Act (FEMA) and it pertains to an alleged export outstanding of the firm to the tune of over Rs 20 crore for a period of 2014-15 and some other block periods.

The ED suspects the case to be of terror funding through hawala dealing and other illegal transactions, they said.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp