Assets of narcotics syndicate kingpin worth Rs.2cr frozen
MUMBAI, Sept. 2 -- Assets worth Rs.2.36 crore belonging to an alleged kingpin of a narcotics trafficking syndicate have been frozen by the Competent Authority under the Smugglers and Foreign Exchange Manipulators - Forfeiture of Property and the Narcotic Drugs and Psychotropic Substances Acts.
Among the assets that were frozen on August 28 were three bank account funds, a multi-utility vehicle, and a land parcel in Haveli taluka, Pune. The Narcotics Control Bureau (NCB) had earlier attached these assets after seizing the consignment, an official said.
Based on specific intelligence, the Mumbai unit of the NCB had seized 111kg of ganja at Parthadi Road in Ahiylanagar and arrested five people on 23 June, 2024. The syndicate allegedly bought it from the Andhra Pradesh-Odisha border. While they were on the way to sell it in Pune, the agency intercepted it.
Abhishek Sharan...
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