The ED on Thursday said it has attached assets worth Rs 1.73 crore of Kashmiri businessman Zahoor Watali in connection with a terror funding and money laundering case.
It said a provisional order has been issued under the Prevention of Money Laundering Act for attachment of Rs 1.48 crore worth immovable properties of Zahoor Ahmad Shah Watali's family and Rs 25 lakh of his deposits in a Jammu and Kashmir Bank branch in Delhi.
The businessman is being probed for his alleged terror links with banned Pakistan-based terrorist outfit Lashkar-e-Taiba and its chief Hafiz Sayed, by both the Enforcement Directorate and the National Investigation Agency (NIA).
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app