Assets of Baramulla businessman attached

KT NEWS SERVICE. Dated: 7/1/2020 1:00:21 PM

NEW DELHI, Jun 30: Under the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate (ED) on Tuesday tweeted that it has attached a portion of a residential flat at Jangpura in New Delhi and the balance of Rs 7.32 lakh in the bank account of Aijaz Hussain Khawaja, a businessman resident of Baramulla involved in a terror funding case of 2006.
He is accused of being a Hawala operator financing the terror-related activities in Jammu and Kashmir with the money illegally received from Pakistan. He underwent seven years of imprisonment in the 2006 case after his arrest by the special cell of Delhi Police.
JALANDHAR: In another tweet, the ED said it had attached on Tuesday the property of former President of the District Congress Committee Jalandhar, SukhwinderLally. He had allegedly remitted $3360,000 to Canada in 2011 to buy a bungalow there.
Confirming the development against Lally, the sources said the ED has attached Lally's Jalandhar residence valued at Rs 2.85 crore. The action has been taken under Section 37 (A) 1 of the Foreign Exchange Management Act.
In December last year the team from the zonal office of the enforcement directorate based at Jalandhar had carried out raids at premises owned by Lally in and around Jalandhar. ED sources said Lally and his accomplices had bought property worth several crores from money generated through illegal means. He had been accused of transferring money using hawala channels to countries like the USA, Canada and Australia to purchase properties, the sources added.

 

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