SRINAGAR, Jan 12: In its intensified financial investigations into multiple narcotic smuggling cases, Jammu and Kashmir Police have frozen more than 100 bank accounts allegedly linked to drug trafficking in Srinagar, officials said.
Click Here To Join Daily Excelsior on WhatsApp And Get Latest News
The individuals holding these accounts have been arrested in connection with cases registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act in Srinagar District, police said on Sunday.
“These accounts collectively contain deposits amounting to several lakhs of rupees”, police said adding “All transactions associated with these accounts are under detailed scrutiny to trace the flow of illicit funds”.
The freezing of these accounts has effectively blocked access to financial resources used by drug trafficking networks.
Those apprehended have been involved in the trafficking of narcotics and psychotropic substances, posing a significant threat to the community, particularly the youth.
“Comprehensive investigations, conducted under the relevant provisions of the NDPS Act, have led to the freezing of these bank accounts containing substantial sums, prima-facie identified as proceeds of illegal narcotic trade”, they said.
“Furthermore , moveable and immovable properties valued at crores of rupees, found to be acquired through these illicit activities, have been attached under the applicable legal framework”, police added.
This action has been set into motion under Section 68F(2) of the NDPS Act.
Police have urged the public to join hands in this fight by providing any information related to drug peddling or drug abuse and requested the people to contact their nearest police station or dial 112 to report drug-related suspicious activities.
Follow our WhatsApp channel
