Srinagar, June 25, KNT: Srinagar Police attached a residential property—comprising a two-storeyed house and adjoining land—valued at approximately Rs 1 crore, belonging to a notorious drug peddler from Takanwari, Karnabal area of the city.
The property belonged to Pervaiz Ahmad Bhat, who is currently under preventive detention under the PIT-NDPS Act. He is also facing prosecution in Case FIR No. 02/2024 registered at Police Station Sangam under Sections 8, 20, and 29 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Officials said that the seized property was proven to have been acquired through the 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 the SAFEMA (Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act), New Delhi, the immovable asset has been formally attached.
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Authorities have made it clear that the property cannot be sold, transferred, or otherwise dealt with in any manner without prior approval from the competent authority.
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Police sources confirmed that Pervaiz Ahmad Bhat has a history of involvement in drug peddling and was part of a wider network supplying narcotics in the region, particularly targeting the local youth. His activities, police said, posed a direct threat to public health and social stability.
“This action is part of Jammu and Kashmir Police’s sustained campaign to dismantle drug trafficking networks by choking their financial lifelines,” a senior police official said. “We are committed to eliminating the drug menace by not only arresting offenders but also by targeting the assets they have illegally acquired.” [KNT]
