ED takes possession of Kashmiri businessman's assets

The Enforcement Directorate, ED has taken possession of assets worth over six crores in connection with a terror funding case against Kashmiri businessman Zahoor Ahmad Shah Watali.

The agency said, these properties are in the form of land parcels and located in two villages of Budgam district in the Union Territory



of Jammu and Kashmir. The assets are in the name of Watali and his family.

The ED had attached these properties in April this year under the Prevention of Money Laundering Act. Presently, Watali is lodged in the Tihar jail in connection with the NIA case.