The Securities & Exchange Commission of Pakistan (SECP) on Monday barred 26/11 Mumbai terror attacks master mind Hafiz Saeed’s Jamaat-ud-Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba from collecting donations, Pakistani media reported.
"The Securities and Exchange Commission of Pakistan hereby prohibits all companies from donating cash to the entities and individuals listed under the UNSC sanctions committee's consolidated list," Dawn News quoted a SECP statement as saying.
Apart from JuD, other terrorist organisations named in the list of banned outfits by the United Nations Security Council (UNSC) were also prohibited from collecting cash.
The SECP notification also warned that non-compliance with the said ruling could result in a hefty monetary fine.
“The Government of Pakistan has already prescribed a penalty of up to Rs 10 million for non-compliance on the sanctions regime being implemented,” it said.
The unexpected move from Pakistan came soon after Reuters reported that the government of Pakistan is planning to take control of Hafiz Saeed’s so called charities and financial assets.
Responding to reports that the government is planning on seizing their assets, JuD and FIF said they will take the matter to the court.
“There are clear rulings of the Lahore High Court and Supreme Court that JuD is free to continue its welfare activities in Pakistan,” JuD spokesperson Yahya Mujahid said in a statement.
“The government still pulls such stunts for the appeasement of India,” he claimed.
On December 19, the Pakistan government had issued a secret order to the States asking them to submit an action plan by December 28 to take over Saeed’s Jamaat-ud-Dawa (JuD) and the Falah-e-Insaniat Foundation (FIF).
The JuD and FIF have been labelled as “terrorist fronts” for Lashkar-e-Taiba by the United States and their owner Hafiz Saeed is India’s most wanted terrorist who was the mastermind of deadly 2008 Mumbai attacks.