Srinagar, Jan 12: In a major crackdown on the financial operations of drug traffickers, Srinagar Police have frozen over 100 bank accounts linked to narcotic smuggling.
These accounts contain deposits amounting to several lakhs of rupees, which are now under detailed scrutiny to trace the flow of illicit funds, Police said.
Police officials stated that the individuals holding these accounts have been arrested in connection with cases registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act in Srinagar. The arrested persons were involved in trafficking narcotics and psychotropic substances, posing a serious threat to society, particularly the youth.
Comprehensive investigations under relevant provisions of the NDPS Act have confirmed that the funds in these accounts are proceeds of illegal narcotic trade. Additionally, moveable and immovable properties valued at crores of rupees, acquired through these illicit activities, have been attached under Section 68F(2) of the NDPS Act.
The freezing of these financial assets is a significant step in dismantling drug syndicates operating in the region. By targeting the economic networks of traffickers, the police aim to curb the drug menace and prevent further illegal activities.
This firm action demonstrates the police’s zero-tolerance approach towards drug-related crimes, ensuring that those involved in narcotics smuggling face strict legal consequences.
