National Investigation Agency (NIA) Court in Delhi on Friday dismissed bail application of Kashmiri businessman Zahoor Watali, who was arrested for his alleged role in a terror-funding case involving Lashkar-e-Taiba (LeT) chief and 26/11 Mumbai attack mastermind Hafiz Saeed.
On June 5, Delhi's Patiala House Court convicted three out of four people in the 2011 terror funding case and sentenced them for the period already undergone.
In 2011, the NIA had filed the charge sheet against the trio, indicting them for collecting more than Rs 4.57 crore from Pakistan through hawala channels within three years for funding terrorist activities in the Valley.
Thereafter, the NIA in April this year filed the chargesheet against Hizbul Mujahideen chief Syed Salahuddin's son Syed Shahid Yusuf under section 120-B of the IPC and 13, 17, 18, 20, 21, 38 and 40 of the Unlawful Activities (Prevention) Act, 1967, for willfully raising, receiving, collecting 'terror funds' and holding proceeds of terrorism' for furtherance of terrorist activities in Jammu and Kashmir.
Furthermore, the Delhi High Court on May 31 dismissed the bail plea filed by Shahid Yusuf in the case.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)