Major ED crackdown in Jammu & Kashmir and Punjab; raids on 9 locations in a narco-terror funding case.
RNE Network.
The Directorate of Enforcement (ED), Jammu Sub-Zonal Office, conducted searches at nine locations in Jammu and Kashmir and Punjab on July 23 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an ongoing investigation into a narco-terror funding case.
According to an official press release, the money laundering investigation is linked to cases registered by the Jammu and Kashmir Police and Punjab Police.
The ED said its investigation has uncovered a well-organised and multi-layered narco-terror funding network operating between Punjab and Jammu and Kashmir. The network allegedly involved Punjab-based handlers Satnam Singh and Manjit Singh alias Maan, along with Kupwara-based operatives Safeer Ahmed and Kateel Ahmed, who are reported to be operating near the Line of Control (LoC).
During the search operations, the Enforcement Directorate froze several bank accounts containing a cumulative amount of approximately ₹49.9 lakh.
The investigation is continuing to trace the financial trail and identify other individuals linked to the alleged narco-terror funding network, the agency said.
