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Property worth ₹1 cr attached

KI News by KI News
June 26, 2025
in Latest News, TOP NEWS
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Srinagar: Srinagar Police have attached a residential property—comprising a two-storeyed house along with land worth approximately ₹1 crore, belonging to a “notorious” drug peddler Pervaiz Ahmad Bhat, resident of Takanwari, Karnabal.

A police spokesperson informed that the accused is involved in Case FIR No. 02/2024 under Sections 8, 20, and 29 of the NDPS Act registered at Police Station Sangam. He is presently under preventive detention under the PIT-NDPS Act.

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The attached property has been established as having been acquired through proceeds of illicit drug trafficking. Acting under Sections 68-E and 68-F of the NDPS Act, and following due confirmation by the competent authority under SAFEMA (Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act), New Delhi, the immovable property has been formally seized and attached. It shall not be sold, transferred, or otherwise dealt with without prior permission from the competent authority, police said.

The accused has a history of drug peddling and was actively involved in supplying narcotics, especially targeting the local youth, thereby posing a serious threat to public health and safety, police added.

 

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