Court to hear Enforcement Directorate's arguments on Zakir Naik today
The Enforcement Directorate had last month provisionally attached properties of Zakir Naik-led IRF worth Rs 18.37 crore under the Prevention of Money Laundering Act, 2002.
Mumbai: A special Prevention of Money Laundering Act (PMLA) court will on Wednesday continue to hear the Enforcement Directorate`s arguments over the issuance of non-bailable warrant against the founder of Islamic Research Foundation (IRF), Zakir Naik.
Tightening the noose on Naik, the Enforcement Directorate (ED) on Tuesday approached the court over the same.
The move comes in the wake of Naik failing to appear before the agency despite being issued four summons.
The Enforcement Directorate had last month provisionally attached properties of Naik-led IRF worth Rs 18.37 crore under the Prevention of Money Laundering Act (PMLA), 2002, in the form of mutual fund, real estate properties, and bank balances.
Earlier in November last year, the Enforcement Directorate had registered money laundering case against the IRF on the basis of FIR registered by the National Investigation Agency (NIA).
It was alleged that Naik and his associates are indulging in unlawful activities.
It was also alleged that Naik promotes enmity and hatred between different religious groups in India through his provocative utterances.
During the PMLA investigation, Naik avoided all four summons issued to him.
The IRF, headed by Naik, moved a petition last year seeking directions against the ban imposed on it by the Central Government.