In a major crackdown against terror funding and Hafiz Saeed, the Enforcement Directorate(ED) is in the process of attaching 25 properties in Jammu and Kashmir and other parts of country associated to Srinagar based businessman Zahoor Ahmed Shah Watali.
The probe agency believes a large amount of money that was used to procure these properties came from chief of Pakistan based terror organisation Lashkar-e-Taiba (LeT), Hafiz Saeed.
Sources have told India Today that the agency has initiated the process of attaching these properties which include bungalows, palatial houses and farmhouses across the country.
Watali is being investigated by the agency for allegedly handling Hafiz Saeed’s finances in India.
The ED’s investigation is based on a case registered by the National Investigative Agency. Watali was arrested by the NIA in August last year for his alleged involvement in terror funding.
According to sources, these properties worth crores are part of “proceeds of crime” invested by Watali.
ED has named Hafiz Saeed as an accused in its case. Watali, Hafiz Saeed, Hizbul Mujahideen chief Syed Salahuddin and nine others have been accused by the NIA of “conspiring to wage war against the government” and sponsoring terrorism in the Kashmir valley.
The NIA in its chargesheet had alleged Watali received money from ISI in Pakistan, the Pakistan High Commission here and from a source in Dubai.