Jammu, July 24 (NVI): The Enforcement Directorate (ED) has conducted searches at nine locations in Jammu and Kashmir and Punjab in connection with a money laundering investigation linked to an alleged narco-terror funding network, officials said on Friday.
The searches were carried out on July 23 under the Prevention of Money Laundering Act (PMLA) by the ED’s Jammu Sub-Zonal Office in connection with cases registered by the Jammu and Kashmir Police and the Punjab Police, the agency said.
According to the ED, the investigation has revealed an alleged multi-layered network involved in smuggling heroin from Pakistan into India through the Line of Control (LoC), with the proceeds allegedly being used to fund terror activities. The agency claimed the network involved handlers based in Punjab and operatives in Jammu and Kashmir, and that consignments were transported through the LoC before being distributed further.
The ED alleged that more than 60 kg of heroin was transported through the network in multiple consignments and that forged documents, fake vehicle papers, concealed cavities in vehicles and cash transactions were used to facilitate the operation.
During the searches, the agency said it seized incriminating documents and bank account records. It also froze bank accounts containing approximately ₹49.9 lakh under the provisions of the PMLA.
The ED said further investigation into the case is underway. (NVI)
