Like our Facebook Page

news details

Court rejects bails in hawala case 6/19/2019 11:47:46 PM Early Times Report Jammu, June 19: A CBI court on Wednesday rejected bail applications of three persons arrested for money laundering and delivering the same to militant cadres in Kashmir Valley. CBI Judge Srinagar, Mohan Singh Parihar, rejected the applications of P. Z. Irshad Ahmad Qureshi, Irshad Ahmad Hajjam and Firdous Iqbal Wani seeking their discharge of the offence under Section 3 punishable under Section 4 of the Prevention of Money Laundering Act, 2002 (15 of 2003), hereinafter referred as PML Act. The trio was arrested from Karan Nagar area of Srinagar on March 10, 2009 and some cash was recovered from their possession. The complainant namely, Assistant Director, Directorate of Enforcement Government of India, Durrani House Rajbagh, Srinagar had filed a criminal complaint in the CBI court for prosecution of the trio accused of have committing offence under Section 3 punishable under Section 4 of the PML Act. The Judge, after hearing both the sides, observed that "….facts disclose that the seized money of Rs 17,73,914 was acquired by three accused through illegal means and was proceeds of crime meant for strengthening militant cadres of Hizbul Mujahideen. From the material on the record, it appears that the money seized by police is the proceeds of crime which the accused had attempted to distribute among the militant cadres. All the three accused have claimed that the money seized is not the proceeds of crime and is untainted money. So in a money laundering case the burden is upon the accused in terms of Section 24 of the Act, to prove that the money recovered and seized from them was neither proceeds of crime nor untainted money. The complainant is duly authorized to file the complaint in this court for the prosecution of accused and the cognizance taken by this court for offence under Section 4 of the PML Act." "In my opinion there is prima-facie sufficient material against the accused to presume that the accused have committed offence of money laundering under Section 3 punishable under Section 4 of PML Act and the accused are liable to be charged under said Section. The application filed by accused for discharge is without any merit, which is accordingly dismissed," the court observed.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

'Blue-eyed' MBBS holders to head nursing schools 70 yrs on, refugees crave for rights Tourism Deptt can't absolve itself of deaths during rafting PUF may upset applecart of Abdullahs Teacher thrashes, injures 15 students in Doda Teacher who punished students suspended After ignoring voters, BJP trying to befool people again Stray incidents of violence even take place in France, US, England: Governor Malik 10 security personnel lost their lives in 5 days Munish thanks people for their love, support Will distribute my salary among needy' Two govt schools yet to be clubbed in Baramulla People help police to nab militants Promoted seek help from SPOs to fill challan form Timber distribution in Budgam: RTI exposes fake beneficiaries One more leader to join PUF soon High School Nagbhatna Kuntwara has 3 teachers for 300 students PDA, MC Pahalgam fail Garbage Treatment Plant; Dump solid waste on river bank BDO Sunderbani ignores ADC Rajouri's order Cong, BJP did nothing for Deshmesh Nagar: Locals tell Munish Shiva Colony craves for development, Swachata Abhiyan 22 year old slip to death while taking selfie in Kishtwar Mendhar family urges GoI to help bring body of kin who died in Saudi Arabia two months ago

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE