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18-cr worth of assets of Zakir Naik’s IRF attached by ED

After controversial preacher Zakir Naik failed to appear before the Enforcement Directorate (ED), even when 4 summons were issued to him, the agency has attached assets worth Rs 18.37 crore belonging to Naik’s Islamic research Foundation (IRF). The assets attached by ED include real estate properties, mutual funds and bank balances. The value of mutual funds that have been attached is 9.41 crore. Other assets include a warehouse valued at Rs 68 lakh, a school building valued at 7.05 crore, and 5 bank accounts that collectively have Rs 1.23 crore.

It may be recalled that Naik has been accused of encouraging enmity and hatred among different religious groups in the country. Speaking on the development, an ED officer said, “The investigations revealed that the proceeds of crime generated through the provocative speech Naik has been either routed and transferred or utilized for the purpose other than for which they have been generated by way of creating communal disharmony and for inciting the Muslim youths and terrorists.”

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