Mumbai, Aug 11: The money trail into the Islamic Research Foundation and the manner in which it was used will be crucial to the probe against Dr Zakir Naik. Currently a few accounts in Mumbai alleged to be operated by a relative of Naik is under the scanner of the investigation agencies.
The account came under the scanner after it had been found that funds from the Middle East to the tune of Rs 50 crore had been transferred into these accounts. The Maharashtra Police have learnt that money to the tune of Rs 50 crore had been transferred in different instalments to these accounts which were operated by his wife, children and a relative.
The police will seek from the IRF details of these transfers. The police say that the transfer of such money falls under the ambit of the Foreign Contribution Regulation Act. All such transactions must be informed to the government, the police say.
However, the police is also investigating what was done with this money. There are no details available barring investigation reports that suggest that he alleged used a huge chunk of money for conversions.
Once the IRF provides details of the same, it would be known
what exactly this money had been used for.
The police had stated that Naik's aides had allegedly converted several people to Islam. It was further stated that these persons had paid anything between Rs 25,000 and Rs 50,000 for conversions.
The police will also record the statements of the bankers and members of the IRF to get a correct picture on the money trail.