The Enforcement Directorate (ED) has issued a FEMA showcause notice to Kashmiri businessman Zahoor Ahmed Shah Watali, arrested by the NIA in an alleged terror funding case, for purported illegal forex violations to the tune of over Rs 62.93 lakh.
The central agency said its probe under the Foreign Exchange Management Act (FEMA) revealed that Watali was "working as a conduit for foreign contributions of Jammu and Kashmir-based terrorist organisations."
The NIA had filed a chargesheet in this case in January this year. On Watali's role, it has said he was an "active channel to receive foreign contributions from Pakistani establishment and terror organisations for further remittances to Hurriyat leaders and secessionists of Jammu and Kashmir to wage a war against the government."
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