ED Attaches Properties Worth Rs 3.40 Crore

The Enforcement Directorate (ED) has attached six immovable properties worth Rs 3.40 crore in Srinagar and a flat in New Delhi in connection with a bank fraud case. The properties, belonging to Ishtiyaq Ahmad Parray, Tariq Ali Parray, Haseena Bano, and Maqsood Ali Parray, were provisionally attached under the Prevention of Money Laundering Act (PMLA), 2002.

 The ED’s action is part of its investigation into the Jammu & Kashmir Grameen Bank fraud case.

 This isn’t the ED’s first major attachment in Srinagar; previously, they attached a land worth over Rs 193 crore under the anti-money laundering law.

 The attached properties include: six immovable properties in Srinagar and its nearby areas and a flat at Zakir Nagar, New Delhi. [KNT]