Srinagar, Oct 15: Srinagar Police has frozen and attached residential properties and a vehicle worth over ₹13.43 crore in a crackdown on drug trafficking and its alleged financial networks under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.
According to a police statement, the action was carried out by Police Stations Khanyar, Pantha Chowk, Shalteng, Safakadal, Soura and Ahmadnagar across different subdivisions of Srinagar.
The properties were identified during financial investigations as allegedly acquired through proceeds of illicit drug trafficking. Proceedings were initiated under Sections 68-E and 68-F of the NDPS Act.
Police Station Khanyar accounted for the largest share of the action, attaching four residential properties and a vehicle valued at approximately ₹8 crore. The assets were linked to accused persons in cases registered under the NDPS Act.
At Pantha Chowk, police attached a residential house in Khanmoh valued at ₹1.24 crore. The property was linked to a person facing cases registered at police stations in Pampore, Banihal and Khrew.
Police Station Shalteng froze a two-storeyed residential house with one kanal of land in Panzinara, valued at ₹1.21 crore. The property was allegedly acquired through proceeds of narcotic activities.
In Safakadal, police attached a three-storeyed residential house with an attic, valued at around ₹10.15 lakh, in connection with a case registered under various provisions of the NDPS Act, the Arms Act and the Bharatiya Nyaya Sanhita (BNS).
Police Stations Ahmadnagar and Soura also initiated action against residential properties allegedly linked to drug trafficking proceeds. At Ahmadnagar, two properties associated with the same accused were valued at approximately ₹1 crore and ₹80 lakh, respectively. At Soura, a residential property in Umar Colony-B, Lal Bazar, was valued at over ₹1.18 crore, excluding the land value.
Police said the proceedings were conducted in accordance with the prescribed legal procedures, with Executive Magistrates and local witnesses present in some cases.
The action is part of Srinagar Police’s efforts to target the financial networks allegedly sustaining drug trafficking, alongside criminal investigations and the seizure of narcotic substances.
