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| Tainted Peer used daughter's HDFC bank account to carry out financial transactions | | BOPEE Paper sale scam | | Early Times Report
SRINAGAR, Mar 25: The sleuths of Enforcement Directorate (ED) have confiscated the assets of tainted former Director of BOPEE Mushtaq Peer worth Rs 60 lakhs, saying that the directorate can arrest him if he is released from the jail.
The joint director of ED is investigating a case (ECIR/01/SRZO/2013) registered against Peer and others for selling CET-2012 papers for huge sums of money.
The property attached by the ED includes a plot of five marlas with shed at lane number 11 in Sidhra, Jammu, flat number 4 at Block A of 125 Freedom Fighter Enclave, Neb Sarai in New Delhi and flat number 2/2A at Custodian General flat situated at Wazarat Road in Jammu.
"The value of this attached property as per ED officials is estimated at Rs 50 lakh. However, the market value of the property would be much higher," an official said.
Besides attaching immovable property of the tainted Peer, Enforcement Directorate has also seized his bank accounts and the cash of Rs 10 lakhs lying with different banks.
ED officials told that Peer had opened a bank account vide number 041510000002228 at HDFC Bank Residency Road Srinagar and all the cash lying in the bank was seized. Besides, one bank account vide number 04151530005241 in the same bank in the name of his daughter Iqra Mushtaq has also been attached.
ED official said Peer used the bank account of his daughter to transfer the money. ED officials said they called the wife of Peer for questioning but it was found that she owned a small property.
"During investigation it was revealed that the broker Farooq Itoo had earned Rs 73 lakhs from the CET paper selling scam out of which he had paid Rs 60,000 to the Mushtaq Ahmed Peer. The officials told that all the property was attached under section 5 of the Prevention of Money Laundering Act while ED reserves the right to arrest the Mushtaq Peer under section 4 of the PMLA for further questioning after he gets released from the Central Jail. |
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