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J&K Police attach Rs 1 cr property of drug peddler in Srinagar

J&K Police attach Rs 1 cr property of drug peddler in Srinagar

Srinagar, June 25 (UNI) The Jammu and Kashmir Police today attached a residential property comprising a two-storeyed house along with adjoining land worth approximately Rs 1 crore, of an alleged drug peddler in Srinagar district.

Police identified the drug peddler as Pervaiz Ahmad Bhat, a resident of Takanwari, Karnabal. He is accused in an 2024 FIR under Sections 8, 20, and 29 of the NDPS Act registered at Sangam police station.
He is currently under preventive detention under the PIT-NDPS Act, police said.

Police said the said property has been established as having been acquired through proceeds of illicit drug trafficking.
“Acting under Sections 68-E and 68-F of the NDPS Act, and following due confirmation by the competent authority under SAFEMA (Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act), New Delhi, the immovable property has been formally seized and attached. It shall not be sold, transferred, or otherwise dealt with without prior permission from the competent authority,” police said.

They added that the accused has a history of drug peddling and was actively involved in supplying narcotics, especially targeting the local youth, thereby posing a serious threat to public health and safety.

“This action is part of J&K Police’s continued crackdown on drug trafficking networks. By targeting and dismantling the financial infrastructure of such networks, police aim to curb the spread of narcotics and safeguard the community,” police said.

UNI MJR PRS

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