Kashmiri separatist Yasin Malik under ED lens: Agency issues notice under FEMA for Rs 48 lakh forex contravention

The Enforcement Directorate (ED) has issued Foreign Exchange Management Act (FEMA) notice of Rs 48 lakh contravention to JKLF chief and Kashmiri separatist Yasin Malik, PTI quoted official sources as saying on Friday.

FP Staff November 03, 2017 15:29:20 IST
Kashmiri separatist Yasin Malik under ED lens: Agency issues notice under FEMA for Rs 48 lakh forex contravention

Continuing the crackdown against terror funding in Kashmir, the Enforcement Directorate (ED) has issued a Foreign Exchange Management Act (FEMA) notice for contravention of Rs 48 lakh to Jammu and Kashmir Liberation Front leader Yasin Malik, media reports said on Friday.

According to Times Now, ED issued notices to three persons, which include Mushtaq Ahmad Dar and his wife Shamia, alias Shazia. Yasin Malik is being viewed as the kingpin of the FEMA violation network.

The four-page notice mentioned that the complaint was received on 25 October. The notices, issued by the ED's regional office in Srinagar, were issued for contravention of Section 3C and 4 of the FEMA.

In March, ED had summoned Yasin Malik in connection with its probe in the FEMA case. He was asked to appear before the central probe agency in Srinagar on 28 March.

The FEMA case pertaining to Malik is based on a 2001 FIR of the local police where they seized $100,000 from Dar and his wife. Dar had reportedly told the police that he was handed over the money by a person in Nepal to be further handed over to Malik.

Malik was arrested in the case by the police but was later let off on bail.

The FEMA notice has been issued after investigators completed their probe.

ED has asked Malik and the two others to reply to the notice within the next 30 days after which civil adjudication proceedings will begin against them.

With inputs from PTI

Updated Date:

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