1 hr ago
Court Frames PMLA Charges Against Yasin Malik, Six Others
A special court in New Delhi has ordered formal money-laundering charges against seven accused people and a company.
Yasin Malik is one of the accused.
The Enforcement Directorate says money came from Pakistan-linked sources through secret hawala channels.
It says the money was passed through different people and routes.
Investigators allege that the money supported separatist and unlawful activities in Jammu and Kashmir.
The alleged amount is about Rs 89.5 million.
The court said there was enough material to create a strong suspicion at this stage.
Some accused could not attend court because of security issues.
The case will continue at a later hearing.
A Special NIA Court directed charges under the PMLA against Yasin Malik and six others.
The Enforcement Directorate alleges foreign funding was received through hawala channels and other routes.
The alleged proceeds of crime total Rs 8,94,87,639, according to the ED investigation.
The accused allegedly used the funds for secessionist and subversive activities in Jammu and Kashmir.
The case is scheduled for further proceedings on October 30 after some accused could not appear due to security concerns.
- Who
- Yasin Malik, Zahoor Ahmed Shah Watali, Abdul Rashid Sheikh, Shabir Ahmad Shah, Naval Kishore Kapoor, Trison Farms and Construction Pvt Ltd, and Masarat Alam Bhat.
- What
- The court directed the framing of charges under Sections 3 and 4 of the Prevention of Money Laundering Act.
- Where
- The proceedings are before a Special NIA Court in New Delhi, concerning alleged activities in Jammu and Kashmir.
- When
- The order was issued on September 9; the next hearing is scheduled for October 30.
- Why
- The Enforcement Directorate alleges that the accused received and routed foreign funds through hawala and other channels for secessionist and subversive activities.
Key facts
- Court
- Special NIA Court, New Delhi
- Judge
- Special Judge Prashant Sharma
- Accused
- Seven accused persons and Trison Farms and Construction Pvt Ltd
- Alleged proceeds of crime
- Rs 8,94,87,639
- Law invoked
- Prevention of Money Laundering Act, Sections 3 and 4
- Underlying case
- An NIA case registered in 2017
- Next hearing
- October 30
Quotes
Special Judge Prashant Sharma
Special NIA Court judge who ordered the framing of charges
“I conclude that prima facie, there is sufficient material on record based upon which strong suspicion is raised against all seven accused persons”
republicworld.com
Sources
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