Money laundering case: ED to probe financial transactions between Zakir Naik, his aide

The Enforcement Directorate (ED) has revealed that all financial transactions between televangelist Zakir Naik and his confidant Aamir Gazdar are being scrutinised. Gazdar was arrested by ED officials on Thursday for allegedly acquiring and disposing of the cash he received from Naik.
Televangelist Dr Zakir Naik addresses media persons at Press Club in Mumbai in 2010.(HT file)
Televangelist Dr Zakir Naik addresses media persons at Press Club in Mumbai in 2010.(HT file)
Published on Feb 20, 2017 12:05 AM IST
Copy Link
Hindustan Times | By, Mumbai

The Enforcement Directorate (ED) has revealed that all financial transactions between televangelist Zakir Naik and his confidant Aamir Gazdar are being scrutinised. Gazdar was arrested by ED officials on Thursday for allegedly acquiring and disposing of the cash he received from Naik.

“Going by the preliminary investigation, it was observed that certain dummy companies were established by Naik in which Gazdar was a director in at least six of them. Gazdar did financial transactions with Naik and his associate companies. He also gave Rs2.35 crore loan to Harmony Media Pvt Ltd, which was repaid to him. He then loaned another Rs41.50 lakh, which were also returned. There was no agreement entered by him for the said transactions,” said an ED officer.

Officials said the registered office of Harmony Media is located in the building owned by his [Gazdar’s] family.

“Harmony Media has an editing studio, which was used for Naik’s television channel Peace TV. Sizable amount has been transacted in cash through him without leaving any trail of its origin or utilisation. This happened within a span of just eight months,” said the officer.

The agency also alleged that despite being director in the companies, Gazdar did not reveal its functioning or finances. Gazdar was arrested under Section 19 of the PMLA on Thursday at 7.30pm. ED had alleged that he was aware of the activities of Naik and is in touch with him.

Out of the six companies, Gazdar is director of two companies in England —Universal broadcasting corporation ltd and Lords production Inc Ltd — and four others based in Mumbai-Harmony Media Pvt Ltd, Long-lost constructions Pvt Ltd, Majestic Perfumes Pvt Ltd and Alpha Lubricants Pvt Ltd.

Also read: Zakir Naik had dummy firms to divert funds, ED tells court

Zakir Naik’s aide to be produced in special court

SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.

Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Till date, around 212 pillars have been carved at Shri Ram Janmabhoomi Nyas Karyashala (workshop) in Ayodhya. The VHP is operating this workshop since the Ram Mandir movement began in the late 1990s. (File Photo of construction site)

    Pillars carved in Ayodhya to be used first in Ram temple construction

    LUCKNOW Ram Janmabhoomi Teerth Kshetra Trust will first use carved pillars and stone slabs from the VHP's workshop in Ayodhya for the construction of the main structure of Ram temple in the first phase starting from June 1. The temple construction committee said that June 1 is an auspicious date according to the Hindu religious calendar. Chief minister Yogi Adityanath had relocated Ram Lalla from the tent in Ram Janmabhoomi to the makeshift temple on March 25, 2020.

  • Ajay Kothiyal joins the BJP in the presence of CM Pushkar Singh Dhami in Dehradun on Tuesday. (ANI Twitter)

    Ajay Kothiyal, AAP's Uttarakhand CM candidate, joins BJP in Dehradun 

    The Aam Aadmi Party's chief ministerial candidate for the recently concluded Assembly election in Uttarakhand, retired colonel Ajay Kothiyal joined the Bharatiya Janata Party in the presence of CM Pushkar Singh Dhami in Dehradun. Kothiyal had resigned from the Arvind Kejriwal-led party last week. In March this year, the ruling Bharatiya Janata Party returned to power in Uttarakhand as it bagged 47 seats, 11 more than the required majority in the 70-seat assembly.

  • HT Image

    Haryana municipal polls on June 19

    Election to the state's 28 municipal committees and 18 municipal councils will be held on June 19 and the results will be declared on June 22, Haryana's State Election Commissioner Dhanpat Singh announced on Monday. Candidates can withdraw their candidature until June 7 from 11am to 3pm. Election symbols will be allotted to the candidates on the same day.

  • HT Image

    Gurugram cops implement new plan to tackle traffic amid heavy rain

    The traffic police on Monday devised a new plan to manage congestion across the city during the monsoon and to ensure timely action by deploying teams at all key points with motors to pump out water before commuters could get stuck, unlike previous years when they would reach these spots after receiving reports of congestion. Police said that on Monday they had to remove accumulated water from major traffic intersections to allow commuters to pass.

  • HT Image

    Gurugram receives 73.4mm rainfall in 24 hours, breaks 25-year-old record

    Heavy showers, accompanied by hail storms and strong winds, brought much-needed relief to the residents of Gurugram from sweltering heat and hot winds on Monday morning, with the city recording its highest rainfall at 73.4mm in the month of May in the past 25 years. Gurugram on Monday (around 5 30pm) recorded a maximum temperature of 39.3C and a minimum of 16.5C — around five and eight degrees below normal, respectively.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, May 24, 2022