In Indian illegally occupied Jammu and Kashmir, a special PMLA (Prevention of Money Laundering Act) court has taken cognisance of its supplementary prosecution complaint against National Conference President, Farooq Abdullah, and others in the Jammu and Kashmir Cricket Association (JKCA) funds siphoning-off case and issued summons for appearance for August 18.
An official of India’s probing agency Enforcement Directorate in a statement said, the supplementary prosecution complaint was preceded by three provisional attachment orders attaching therewith movable as well as immovable assets to the extent of Rs 21.55 crore in aggregate belonging to Farooq Abdullah, private firm Mirza Sons, Mir Manzoor Gazanffer, and Ahsan Ahmad Mirza.
The case relates to the siphoning-off of JKCA funds by way of transfer to various personal bank accounts of unrelated parties, including those of office bearers of JKCA and by way of unexplained cash withdrawals from JKCA bank accounts.
The ED initiated money laundering investigation on the basis of the charge sheet filed by the Indian Central Bureau of Investigation (CBI) in 2018 against six office-bearers of JKCA under various sections of Ranveer Penal Code (RPC) for wrongful loss to JKCA and corresponding wrongful gain to the accused persons to the tune of Rs 43.69 crore.
The quantum of proceeds of crime identified by the ED in this case so far, is Rs. 51.90 crore out of which assets worth Rs 21.55 crore.
Earlier the ED had arrested Mirza, the then Treasurer of JKCA, on September 4, 2019 and a prosecution complaint was filed on November 1, 2019 against him, in which trial is in progress.—KMS
