New Delhi: The ED has levied a penalty of '14.40 lakh on hardline Hurriyat Conference leader Syed Ali Shah Geelani in a 17-year-old case of illegal possession of $10,000 in alleged contravention of the foreign exchange law, officials said.

The foreign currency, that equals to about '6.90 lakh has also been confiscated by the agency as part of an order issued under the Foreign Exchange Management Act on March 20. The foreign currency was seized during an Income Tax raid at Geelani's residence in Srinagar's Hyderpora area in 2002.