Loading article…
Srinagar police seized immovable assets worth about ₹2 crore from alleged drug traffickers under the NDPS Act, part of a wider anti‑narcotics drive in Jammu &
Properties worth roughly ₹2 crore, alleged to have been bought with proceeds from illicit narcotics trafficking, were attached by Srinagar police as part of the Nasha Mukt Jammu & Kashmir campaign, officials said on Saturday [1].
Key takeaways
The first attachment was carried out by Bemina Police Station, which seized a two‑storey house and about four marlas of land in Firdous Colony, Bemina, valued at approximately ₹1.5 crore. The property belonged to Mudasir Ahmad Pir, also known as Sahil or Doge, and police say it was acquired through drug‑related proceeds. The action was taken under Section 68F(1) of the Narcotic Drugs and Psychotropic Substances Act after obtaining clearance from the SAFEMA Competent Authority, a unit of the Ministry of Finance’s Department of Revenue [2].
In a separate case, Srinagar police attached a residential house and land in Kupwara district, valued at about ₹50 lakh, belonging to Shafiq Ahmad Khawaja. This attachment also invoked Section 68F of the NDPS Act and was linked to FIR No. 10/2024, which cites violations of Sections 8 and 21‑29 of the NDPS Act [3]. Both proceedings followed due legal procedures, according to police statements.
The property attachments form part of a larger, intensified effort to dismantle the financial infrastructure of drug networks in the region. Officials reported that, in the last 50 days, 823 FIRs have been lodged and 905 individuals arrested for drug‑related offenses [3]. Additionally, 86 illegal properties have been demolished, 117 immovable assets seized, and assets worth crores have been attached. The campaign also includes suspending 460 driving licences, recommending cancellation of 22 passports, and targeting over 600 vehicle registrations linked to trafficking [3].
Seizing assets worth ₹2 crore signals a shift from merely arresting traffickers to targeting the economic foundations of narcotics networks in Jammu and Kashmir. By invoking Section 68F of the NDPS Act, authorities aim to deprive drug peddlers of the proceeds that fund further illicit activity, thereby strengthening the overall effectiveness of the anti‑drug campaign. The continued registration of FIRs, arrests, and asset seizures suggests that the Nasha Mukt Jammu & Kashmir Abhiyan will maintain pressure on narcotics operations, with further legal actions expected as investigations progress.
Coverage is mostly measured — 216 of 300 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
Banking is a trending topic in the news. Recent coverage of Banking includes: Your bank’s AI just blocked your payment – what can you do? - NewsNation.
10 news sources analyzed
Based on our analysis of recent news articles, Banking has mixed coverage. Check the sentiment score above for detailed analysis.
TrendWatcher aggregates Banking news from 100+ trusted sources and provides AI-powered sentiment analysis updated in real-time.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 1, 2026 · How we report