More than 100 Bank Accounts Associated with Drug Traffickers Frozen in Srinagar, J&K
Click to start listening
Srinagar, Jan 12 (NationPress) The Jammu and Kashmir Police revealed on Sunday that they have frozen over 100 bank accounts connected to drug traffickers in the district of Srinagar.
A police statement indicated, "Srinagar Police have ramped up financial investigations into various narcotic smuggling cases, resulting in the freezing of more than 100 bank accounts tied to drug trafficking operations."
The accounts in question hold deposits totaling several lakhs of rupees, as reported by the police, who emphasized that all transactions related to these accounts are under thorough examination to track the movement of illicit funds.
Authorities stated that freezing these accounts has effectively restricted access to financial resources utilized by drug trafficking networks.
Individuals implicated have been arrested in relation to cases filed under the Narcotic Drugs and Psychotropic Substances (NDPS) Act in Srinagar District.
Those detained have been engaged in the trafficking of narcotics and psychotropic substances, which presents a serious threat to the community, especially the youth.
"Extensive investigations, carried out under the appropriate provisions of the NDPS Act, have resulted in the freezing of these bank accounts that are believed to contain significant amounts, deemed as proceeds from illegal drug trade. Additionally, movable and immovable assets worth crores of rupees, identified as acquired through such illicit activities, have been seized in accordance with applicable laws," the statement noted.
"This initiative has been implemented under Section 68F(2) of the NDPS Act. The Jammu and Kashmir Police remain resolute in their mission to tackle the issue of drug abuse and trafficking," the statement added.
The police urged the community to collaborate in combating the drug problem by sharing any information related to drug peddling or abuse.
The public is encouraged to reach out to the nearest police station or call 112 to report any suspicious drug-related activities.
