The assets of Farooq aides attached through the JKCA scam
NEW DELHI/SRINAGAR: In a new setback for former J&K Prime Minister, the Compliance Directorate on Saturday attached assets of Rs 2.6 million from Ahsan Ahmad Mirza and Mir Manzoor Gazanffer, close partners of the former CM, in a money laundering case for alleged embezzlement of the J&K Cricket Association.
The attached assets consist of three FDR (fixed deposit receipts) of Rs 1.29 million rupees with the J&K Bank branch in Lajpat Nagar, New Delhi. 11 Kanals of land with structure and commercial complex in Pandrethan in Srinagar with the melody of Rs 1.31 crore, ”the ED said in a statement.
The ED has also discovered several transactions where JKCA funds were illegally transferred to Mirza's personal accounts.
Sources said that, between 2002 and 2011, the JKCA received Rs 112 crore from the Cricket Control Board in India (BCCI). Abdullah, then as its president, appointed Mirza as treasurer in 2003, although he was not elected at that time and, through him, allegedly washed the JKCA money.
The ED, which already questioned Abdullah once in the same case registered under the Money Laundering Prevention Act, discovered that the former CM had allegedly used Mirza to open several accounts at J&K Bank using fictitious documents to launder funds. Abdullah is currently under detention under him.
Abdullah had allegedly made Mirza signatory of the checks issued in the name of the J&K Cricket Association. Mirza, although not elected office holder, was made treasurer of the J&K Cricket Association by Abdullah through a resolution signed by him and then secretary general of the association, according to ED research.
The role of a senior J&K Bank executive, now retired, is also under scrutiny for helping the former J&K CM to open these bank accounts based on inappropriate documents. Mirza collected loans in these bank accounts and transferred them to her personal account and washed them further, the investigation revealed.
When, in 2007, the then elected treasurer of the J&K Cricket Association (JKCA), Mir Manzoor Gazanffer, notified these fictitious transactions to the president of the JKCA, Farooq Abdullah, who ignored the anomalies in the association's accounts, the investigation revealed. of ED. Gazanffer is now one of those accused of laundering the proceeds of crime.
It has been found that JKCA checks were deposited in Mirza's personal accounts. The interrogation of the elected treasurer Gazanffer by the DE also revealed that he had signed some checks, which were deposited in Mirza's personal accounts, on instructions from Farooq Abdullah.
Mirza was arrested by the ED in this case and a charge sheet has also been filed under the PMLA before a special court in Srinagar.