Despite no income, Zakir Naik moved Rs.49 cr to bank accounts: ED

Enforcement Directorate (ED) has said that controversial Islamic preacher Zakir Naik, accused of money laundering, doesn't have any known source of income but still managed to transfer more than 49 crore rupees to bank accounts in India.

The ED has claimed this in a charge sheet filed against him in a special court in Mumbai. Judge MS Azmi yesterday took cognisance of the charge sheet filed by the ED against Naik, currently residing in Malaysia, under the Prevention of Money Laundering Act (PMLA).

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ED stated that Naik who keeps travelling around the world to deliver speeches does not have any known source of income through any known source of employment or business.

The ED also claimed total proceeds of crime in the said case are 193.06 crore rupees. The financial probe agency said Naik, who also faces charges under anti-terror act UAPA, utilised this money to purchase properties in Pune and Mumbai by the layering of funds and in the name of his close relatives.