Over 100 Bank Accounts Linked to Drug Traffickers Frozen: Srinagar Police

SRINAGAR: It would ensure smooth NH-1 communication between Srinagar and Ladakh by reducing the route length from 49 km to 43 km and increasing vehicle speed from 30 km/hr to 70 km/hr, in conjunction with the Zojila Tunnel, which is scheduled for completion by 2028.

According to the government, this improved connectivity will promote economic growth, improve defense logistics, and foster sociocultural cohesion throughout Jammu & Kashmir and Ladakh.

“These accounts collectively contain deposits amounting to several lakhs of rupees. All transactions associated with these accounts are under detailed scrutiny to trace the flow of illicit funds. The freezing of these accounts has effectively blocked access to financial resources used by drug trafficking networks. The individuals holding these accounts have been arrested in connection with cases registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act in Srinagar District,” a police spokesperson said.

“Those apprehended have been involved in the trafficking of narcotics and psychotropic substances, posing a significant threat to the community, particularly the youth. Comprehensive investigations, conducted under the relevant provisions of the NDPS Act, have led to the freezing of these bank accounts containing substantial sums, prima-facie identified as proceeds of illegal narcotic trade.”

“Furthermore , moveable and immovable properties valued at crores of rupees, found to be acquired through these illicit activities, have been attached under the applicable legal framework. This action has been set into motion under Section 68F of the NDPS Act.”

“J&K Police remains steadfast in its commitment to combating the menace of drug abuse and trafficking. Police urges the public to join hands in this fight by providing any information related to drug peddling or drug abuse. Members of the public are requested to contact their nearest police station or dial 112 to report drugs related suspicious activities,” the statement added.