Rs11.86-cr assets of Farooq, others attached in JKCA case

New Delhi, December 19

The ED has attached assets worth Rs 11.86 crore of former Jammu and Kashmir CM 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 had issued a provisional attachment order under the Prevention of Money Laundering Act. 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. — PTI