ED attaches assets worth Rs 18.37 crore of Zakir Naik’s NGO, others

The Enforcement Directorate on Monday attached assets worth Rs 18.37 crore of Islamic Research Foundation and others in connection with its money laundering probe against controversial Islamic preacher Zakir Naik.

The agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) attaching mutual funds worth about Rs 9.41 crore and five bank accounts containing deposits worth Rs 1.23 crore in the name of Naik’s NGO Islamic Research Foundation (IRF).

The order also attached a school building valued at Rs 7.05 crore belonging to Islamic Education Trust Chennai and a godown building in the name of Ms Harmony Media Private Limited worth Rs 68 lakhs.