What did Zakir Naik do with Rs 50 cr remitted from Middle East?
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.
Did Zakir Naik's aides pay Rs 50,000 for every conversion?
Details sought
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.
OneIndia News