ED Attaches Zakir Naik’s Properties Worth Rs 50.46 crore; Files Chargesheet For Money LaunderingControversial Islamic preacher Zakir Naik

The Enforcement Directorate (ED) had cracked down on controversial Islamic preacher Zakir Naik heavily, as it filed a charge sheet against him in a Mumbai based court on the charges of money laundering, reports The Economic Times.

The ED also claimed to have identified proceeds of crime to the tune of as much as Rs 212 crore in 12 cases of terror funding. The ED has also identified 52 such properties purchased from such funds.

In this regard, Naik's assets worth Rs 50.46 crore have been attached by the agency. The said assets include investments in mutual funds, the Islamic International School in Chennai, 10 residential flats, three godowns, two buildings and land in Pune and Mumbai.

The agency has also disclosed that Naik was building high-end bungalows in Dubai, UAE. The source of his income in the UAE is still being probed.

The ED had taken up the case and initiated investigations against Naik after a criminal case was registered against him by the National Investigation Agency (NIA).

Also Read: Zakir Naik’s Peace TV Banned By Major Cable TV Operators In Sri Lanka In Aftermath Of Colombo Terror Attack

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement