Srinagar: The Enforcement Directorate has filed a prosecution complaint under the provisions of the PMLA (Prevention of Money Laundering Act, 2002) before the special court Srinagar against 9 persons.
In post on X, the ED said that complaint was filed against Mohammad Akbar Bhat, Mrs. Fatima Shah, Altaf Ahmad Bhat, Qazi Yasir, Mohammad Abdullah Shah, Sabzar Ahmad Sheikh, Manzoor Ahmad Shah, Mohammad Iqbal Mir and Syed Khalid Geelani alias Khalid Andrabi.
The PMLA and rules notified thereunder impose obligation on banking companies, financial institutions, and intermediaries and persons carrying on a designated business or profession, to verify identity of clients, maintain records and furnish information to FIU-IND.
PMLA is an act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.