Is a Drug Peddler's Property in J&K's Srinagar Worth Rs 1 Crore Under Attack?

Synopsis
Key Takeaways
- Srinagar police attach Rs 1 crore property linked to drug peddler.
- Pervaiz Ahmad Bhat faces serious charges under the NDPS Act.
- The property was acquired through illicit drug trafficking.
- The public is urged to report drug activities.
- Police continue crackdown on drug trafficking networks.
Srinagar, June 25 (NationPress) – The Jammu and Kashmir police in Srinagar district have announced the attachment of a property valued at Rs 1 crore, belonging to a notorious drug peddler.
A police statement revealed, "In a significant move against the drug crisis, the Srinagar police have seized a residential asset, including a two-storey house and land, amounting to nearly Rs 1 crore, owned by infamous drug peddler Pervaiz Ahmad Bhat, from Takanwari in Karnabal."
"The individual faces charges under Sections 8, 20, and 29 of the NDPS Act, as documented in an FIR at the Sangam police station. He is currently detained under The Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances (PIT-NDPS) Act."
"The property has been confirmed as being acquired through the proceeds of illegal drug trade. Following Sections 68-E and 68-F of the NDPS Act and confirmation from the competent authority under SAFEMA (Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act), New Delhi, this immovable property has been officially seized," the statement added.
"The property cannot be sold, transferred, or otherwise handled without prior authorization from the appropriate authority. The accused has a documented history of drug peddling, actively supplying narcotics and targeting local youth, posing a grave risk to public health and safety."
This operation is part of the Jammu and Kashmir Police's ongoing efforts to dismantle drug trafficking networks. By targeting the financial underpinnings of these networks, police aim to combat the spread of narcotics and protect the community," the statement emphasized.
The Srinagar Police reaffirm their unyielding commitment to eliminating drug abuse and encourage the public to assist. Citizens with information regarding drug-related activities are urged to contact the police via the helpline number 9596770550. Together, let’s work towards a drug-free, secure, and healthy Srinagar in Jammu and Kashmir.