J&K Probe Agency Raids Multiple Locations In Terror Funding Case

The JammuJammuJammu & Kashmir State Investigation Agency (SIA) conducted searches at 22 locations in J&K and Delhi on Wednesday in connection with a case of hawala transactions in the country. The illegal raising, layering, and laundering of funds were being conducted by some individuals and entities, who channelled the funds for unlawful activities, including promoting secessionism and terrorism in J&K, the SIA said.

The searches were carried out at 18 locations in Srinagar, one each in Anantnag and Pulwama, and two in Delhi, according to a press release issued by the SIA. The agency seized incriminating material such as bank documents, cash books, credit cards, debit cards, chequebooks, invoices, mobile phones, sim cards, passports and other items during the operation.

The SIA Kashmir registered the case on the basis of an inquiry that revealed that funds to the tune of Rs 85 crore were raised and laundered in a short span of less than two years. The transactions were mostly done in cash to evade detection by law enforcement agencies, the SIA said.