Property worth Rs 1.5 crore attached under NDPS Act in Srinagar: Police

Srinagar, Dec 17: In its sustained crackdown against drug trafficking and the financial networks supporting the narcotics trade, Srinagar Police attached an immovable property of a notorious drug peddler worth approximately Rs 1.5 crore under the provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act in connection with a case registered at Police Station Shalteng.

According to the statement, the action has been taken in FIR No. 75/2025 U/S 8/20 & 29 NDPS Act, following a detailed financial investigation conducted in accordance with Chapter V-A of the NDPS Act.

During the investigation, a comprehensive inquiry into the assets of the accused and his family members was carried out. Examination of revenue records, property documents, field verification reports, valuation inputs, and statements of concerned persons revealed that a two-storey residential house, constructed during 2018–2019, was acquired through the proceeds of illicit drug trafficking.

It was established that the known and lawful income of the accused and his family members was insufficient to justify the acquisition and construction of the said property. The source of funds was found to be unexplained, disproportionate, and directly linked to narcotics-related activities, the statement reads.

Accordingly, freezing orders under Section 68-F of the NDPS Act have been issued, prohibiting the sale, transfer, mortgage, or creation of any third-party interest in the attached property until further orders from the Competent Authority. The freezing order was duly served upon the affected persons in the presence of independent witnesses.

Srinagar Police reiterate their zero-tolerance policy against drug trafficking and will continue to take stringent legal action, including attachment and freezing of illegally acquired properties, to dismantle the financial backbone of the narcotics trade, the statement further reads.