Over 100 bank accounts of drug peddlers frozen by police

All transactions associated with these accounts are under detailed scrutiny to trace the flow of illicit funds.

STC NEWS DESK
Srinagar, January 12 (STC):
Over 100 bank accounts linked to drug traffickers as part of its intensified financial investigations into multiple narcotic smuggling cases have been frozen by the Jammu and Kashmir Police.
According to the police spokesperson in a statement issued here to media, “Srinagar Police has intensified financial investigations into multiple narcotic smuggling cases, leading to the freezing of more than 100 bank accounts linked to drug traffickers.”
The spokesman further said that these accounts collectively contain deposits amounting to several lakhs of rupees. 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. 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. 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,” reads the police statement.
Notably, as per statement, 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.
This action has been set into motion under Section
68F of the NDPS Act. J&K Police remains steadfast in its commitment to combating the menace of drug abuse and trafficking. (STC)