Funding Case: SIA recovers Rs 29 lakh cash during Kashmir raids

The State Investigation Agency (SIA) on Saturday said that Rs 29 lakh cash was recovered during raids at multiple locations in Kashmir in connection with an alleged terrorism funding case. 

“Continuing to rein in the networks of (militant) outfits with a purpose of destroying its ecosystems completely, State Investigation Agency, Kashmir conducted searches at multiple locations across Kashmir valley,” SIA said in a statement, reported news agency GNS.

It said houses and premises of suspects in Kupwara, Baramulla, Bandipora, Srinagar and Budgam were searched in compliance with a search warrant obtained from the Court of Special Judge, Designated under NIA Act (TADA/POTA) Srinagar in connection with investigation of case (FIR No. 20/2022) u/s 13, 17, 18, 39, 40 UA (P) Act, 120-B IPC registered in Police Station CIK (SIA) Kashmir.

“The case pertains to members of proscribed (militant) organization (Al-Badr) based in Pakistan who with active support and connivance of Pakistani agencies, hostile to India, under a well-knit criminal conspiracy with some  identified person(s)/OGW(s) of proscribed (militant) organization(s) in the valley  are raising funds for furtherance of (militant) activities in J&K.”

The SIA said that the money so raised is passed on or transferred through “financial markets or through unregulated channels/through cash couriers.”

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