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Yasin Malik, Engineer Rashid to Face Money Laundering Charges Over ‘9 Crore Pakistan Funding’
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News18•01-10-2026, 11:13
Yasin Malik, Engineer Rashid to Face Money Laundering Charges Over ‘9 Crore Pakistan Funding’
- •Special NIA Court directs framing of charges under PMLA against Yasin Malik and six others for illegal cross-border funding.
- •Accused are alleged to have received large sums from Pakistani rulers and intelligence agencies via hawala channels.
- •Special NIA Judge Prashant Sharma issued the order based on documentary and forensic evidence.
- •Key accused include Zahoor Ahmad Shah Watali, Engineer Rashid, Shabbir Ahmad Shah, Naval Kishore Kapoor, Masarat Alam Bhat, and Trison Farms & Construction Private Limited.
- •ED investigation found the proceeds of crime amounted to Rs 8,94,87,639, which the accused allegedly acquired, moved, transferred, concealed, possessed, obtained, and/or used.
Key Questions Answered
The Special NIA Court at Patiala House issued the order to frame charges under the Prevention of Money Laundering Act against seven accused.
The Enforcement Directorate investigation determined that the proceeds of crime from the offenses amounted to Rs 8,94,87,639.
The other key accused include Zahoor Ahmad Shah Watali, Engineer Rashid, Shabbir Ahmad Shah, Naval Kishore Kapoor, Masarat Alam Bhat, and Trison Farms & Construction Private Limited.
