ED imposes Rs 14.4 lakh penalty on Hurriyat (G) chairman Geelani

"ED will also impose a penalty on Yasin Malik and confiscate foreign exchange recovered from him. The adjudication proceedings against Malik are in progress"
ED imposes Rs 14.4 lakh penalty on Hurriyat (G) chairman Geelani

The Enforcement Directorate (ED) Friday imposed Rs 14.4 lakh penalty, on Hurriyat (G) chairman Syed Ali Shah Geelani for "illegally" possessing foreign exchange of around $10,000, officials told PTI on Friday.

After completion of the probe and adjudication proceeding,the ED an order on Wednesday under the Foreign Exchange Management Act (FEMA),levying the penalty and confiscating forex of $10,000 that was allegedlyrecovered from Geelani, they said.

The ED will also impose a penalty on Yasin Malik, formerChairman of Jammu Kashmir Liberation Front (JKLF) and confiscate foreignexchange recovered from him. The adjudication proceedings against Malik are inprogress.

On Wednesday, a Delhi court also allowed ED to quizGeelani's son-in-law Altaf Shah and others in connection with an allegedfunding case.

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