Foreign Exchange Management Act,FEMA, notice against Jammu and Kashmir Liberation Front (JKLF) chief Yasin Malik and two others has been issued by The Enforcement Directorate for alleged forex violation of Rs 48.23 lakh, reports said.
The agency has asked Malik and the two others to reply to the notice in the next 30 days after which civil adjudication proceedings will begin against them.
The case according to reports relates to a 2001 FIR of Jammu and Kashmir police, which had seized USD 1,00,000 (about Rs 48.23 lakh according to conversion rates at the time) from Srinagar-based Mushtaq Ahmad Dar and his wife Shamima alias Shazia alias Bitti.
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