The Enforcement Directorate has served a show-cause notice on Zahoor Ahmed Shah Watali, a J&K businessman, for allegedly channelling foreign contributions to terror outfits.
The notice has been issued for alleged Foreign Exchange Management Act violation involving an initial sum of about ₹63 lakh.
“He allegedly worked as a conduit for overseas contributions to the terror outfits,” an official said.
The ED has found that Watali had allegedly maintained NRE and NRO accounts, into which he later transmitted foreign remittances to the tune of ₹62.93 crore, it is alleged.
