Zakir Naik created firms with dummy directors to launder cash

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In a money laundering case, the Enforcement Directorate submitted a complaint against Aamir Gazdar, a close aide of controversial Islamic preacher, Zakir Naik. The ED says that Gazdar is an associate of Naik and operated as a front while dealing with funds of the Islamic Research Foundation. The ED says in its complaint that an offence under the Prevention of Money Laundering Act has been committed.

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Zakir Naik

The ED says that Gazdar was appointed as a director by Naik for six firms through which funds had been laundered. It was argued that as the foundation is illegal and against the interest of the country, the funds it gets from India and abroad are tainted.

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The ED said that companies had been used to camouflage diversion of funds received by Naik through his illegal activities and provocative speeches. It was found that he had created various companies in India and abroad, where he had nominated dummy directors who were not aware of the activities of these entities. The ED said in almost six companies, Gazdar was appointed director. He had told the ED he had no idea of its operations and was merely a front in these firms that Naik retained control over these firms through him.

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