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Gilani Opposes Implementation of Proposed SARFAESI Act In IHK

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Srinagar, May 16, 2013 (PPI-OT): In occupied Kashmir, the veteran Hurriyet leader, Syed Ali Gilani has said that the proposal for implementation of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities (SARFAESI) Act in Kashmir will prove detrimental to the Kashmiris’ interests.

Syed Ali Gilani in a statement issued in Srinagar said that the proposed Act to be implemented through an ordinance was a deliberate attempt to dilute special status to Kashmir “It is aimed at providing one more unconstitutional entry for those outsiders who intend to occupy the estates through illegal means,” he added.

He said that the ordinance would pave way for the authorities to seize the properties of bank defaulters. “And the properties and assets seized so far will go into the hands of outsiders through the proposed auction.

Though the Article 370 guarantees the special status for the territory and the article lays that no property or land shall go to the people residing outside it through sale deed and auction but the proposal of RBI will pave way for the transfer of property and land,” the veteran Hurriyet leader maintained.

He feared if the SARFAESI Act is implemented in occupied Kashmir, it would have disastrous impact over the political status of the territory.

Gilani castigated the pro-India political parties for supporting the proposed ordinance. “They (pro-India parties) have always played role against the wishes of Kashmiri people for their vested interests.

The ruling National Conference for the lust of power have bargained the special status of Kashmir. NC though claiming to be the champion for so-called autonomy and projecting itself as saviour and mentor for Article 370 has always deceived the Kashmiri people,” he deplored.

For more information, contact:
Kashmir Media Service
Phone: 92-51-4435548, 4435549
Fax: 92-51-4861736


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