New Delhi: The ED has attached assets worth Rs 11.86 crore of former Jammu and Kashmir chief minister Farooq Abdullah and others in connection with its money laundering probe linked to alleged financial irregularities in the Jammu and Kashmir Cricket Association, official sources said on Saturday.
They said the agency has issued a provisional attachment order under the Prevention of Money Laundering Act and the attached properties are located in Jammu and Srinagar.
Two immovable assets are residential, one is a commercial property while three other plots of land have also been attached by the Enforcement Directorate, they said.
While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore, they added.
The 83-year-old NC patron has been questioned by the ED in this case a number of times, the last being in October at Srinagar.
Former Jammu and Kashmir chief minister Omar Abdullah on Saturday termed the charges “baseless” and wondered how an ancestral property could be seen as proceeds of “crime”.
In a series of tweets, Omar, who is the vice president of the National Conference, said his father, Farooq Abdullah, “is in touch with his lawyers and will fight all these baseless charges in the one place that matters – a court of law”.
My father has seen the media reports regarding attachment of his properties in the ongoing investigation in to the JKCA matter. Not surprisingly the media was tipped off regarding the seizure before he had received any official notice or documentation.
— Omar Abdullah (@OmarAbdullah) December 19, 2020
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