Money laundering case: NIA court orders charges against Yasin Malik, six others

A special NIA court has ordered charges against separatist leader Yasin Malik and six others under the Prevention of Money Laundering Act (PMLA) for allegedly receiving foreign funding from the Pakistani establishment through hawala channels. The other accused include Zahoor Ahmed Shah Watali, Abdul Rashid Sheikh, Shabir Ahmad Shah, Naval Kishore Kapoor, Trison Farms and Construction Pvt Ltd, and Masarat Alam Bhat.

The investigation found that the accused generated proceeds of crime amounting to Rs. 8,94,87,639, which were allegedly received, routed, transferred, concealed, possessed, acquired and/or used by the accused through various channels. The ED case is based on an NIA case registered in 2017, alleging that Malik received foreign funds through Zahoor Ahmad Shah Watali, totaling Rs. 30,75,595, as alleged proceeds of crime.

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