In a significant move against narcotics trafficking and terrorism, the Srinagar Police have frozen four immovable properties valued at around ₹6.31 crore. This action is part of an ongoing investigation targeting financial networks believed to be connected to these illegal activities in Kashmir. The police’s efforts aim to disrupt the operations that intertwine drug trafficking with terrorism funding in the region.
The latest measures are part of Srinagar Police’s wider campaign to identify and choke the financial networks that sustain drug peddling and militant support structures in the region. The action was linked to FIR No. Investigators established that the property had allegedly been purchased using proceeds from the drug trade.
The action, announced on September 25, 2026, was carried out under provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act and the Unlawful Activities (Prevention) Act (UA(P) Act). Police Station Zakura: A residential house and land at Bilal Colony, Zakura, valued at around ₹2.5 crore and belonging to Owais Ahmad Rather, was attached in connection with FIR No. 34/2026 under the NDPS Act. The property was attached under Section 68-F(1), barring its sale, transfer or alteration pending further orders. Police Station Nowgam: Assets worth approximately ₹2.85 crore belonging to Sheeraz Ahmed Sheikh were attached following FIR No. 121/2023 under NDPS provisions. The assets comprise a two-storeyed building, two shops and a rice mill built on 18 marlas of land at Wagoora, BK Pora. Police Station Ahmadnagar: A single-storeyed residential house with 6 marlas of land at Danihama, Hazratbal, valued at approximately ₹1.30 crore and belonging to Zahoor Ahmad Mir, was seized under the UA(P) Act. 20/2026 involving arms and terror-related charges and was carried out after due approval in the presence of a magistrate and independent witnesses. Police Station Shalteng: A single-storeyed house with 7 marlas of land at Check Mujgund, valued at around ₹46 lakh and belonging to Amir Ahmad Mir, was frozen in connection with FIR No. 43/2023 under the NDPS Act.
Police said the properties were allegedly acquired through proceeds from illicit drug trade and terror-related activities. Srinagar Police said the measures are aimed at identifying, freezing and attaching assets generated through illegal activities and disrupting the economic networks that fuel both drug trafficking and terror operations in the Valley.
