Srinagar: The Enforcement Directorate (ED) has issued a Foreign Exchange Management Act (FEMA) notice to Jammu Kashmiri Liberation Front (JKLF) Chief Muhammad Yasin Malik and two others for alleged forex violation of Rs 48.23 lakh, official sources said today.
The central probe agency has issued the notice to JKLF Chief and a Srinagar-based couple under provisions of the FEMA, official sources added.
The case under which the notice was issued relates to a 2001 FIR from the Jammu and Kashmir police, which seized USD 1,00,000 (about Rs 48.23 lakh according to conversion rates at the time) from Srinagar-based Mushtaq Ahmad Dar and his wife Shamima alias Shazia alias Bitti.
The FEMA notice has been issued after investigators completed their over the decade-long probe, officials said.
The police had said that Dar confessed to have received the money from a person in Nepal and it was to be handed to the JKLF chief. Consequently, Malik was arrested in the case but later let off on bail.
The agency has asked Malik and the two others to reply to the notice in the next 30 days after which civil adjudication proceedings will begin against them.
Meanwhile, commenting on the issue, Malik said that he has not received the notice yet. He said that he will be able to comment only after he sees the notice.