Srinagar Police attach drug peddler properties
Analysis based on 7 articles · First reported Jul 09, 2026 · Last updated Jul 30, 2026
The asset seizures are unlikely to have significant direct impact on broader financial markets. However, they may affect local real estate values in Srinagar and reinforce the government's stance against drug trafficking.
India — Srinagar, under the Nasha Mukt Jammu & Kashmir Abhiyan, have attached multiple immovable properties belonging to alleged drug peddlers under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985. The attached properties, valued at approximately Rs 1.05 crore to Rs 1.35 crore, include residential houses and commercial shops in various locations of Srinagar. The actions target the financial infrastructure of drug trafficking networks by confiscating assets acquired through illicit narcotics trade. The properties belong to individuals including Zahoor Ahmad Sheikh, Bilal Ahmad Mir, Aqib Mushtaq Kenu, Altaf Ahmad Najar, Aqib Farooq, and Azan Parvaiz Giltsaaz. The attachments were carried out with approval from the India — Competent Authority (SAFEMA), New Delhi, and are part of a sustained strategy to deter drug trafficking.
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