Srinagar, Nov 08, KDC: Continuing with its endeavor to dismantle terror support systems in J&K, the State Investigation Agency Kashmir today conducted searches of houses and offices at 22 locations including 18 in Srinagar, 01 each in Anantnag and Pulwama, besides 02 in Delhi.
The pre-dawn searches were carried out simultaneously by special teams of SIA. During the search operation incriminating material in the shape of bank documents, cash books, credit cards, debit cards, cheque books, invoices, mobile phones, sim cards, passports etc. were seized which will be analyzed for further investigation.
The case pertains to illegal raising, layering and laundering of illegal proceeds of crime by the accused persons which subsequently might have been used in unlawful activities including secessionism and terrorism. The case was registered in police station SIA Kashmir on the basis of an enquiry. During enquiry it has been found that funds to the tune of INR 85 crores have been raised and laundered in a short span of less than 02 years. The transactions have mostly taken place in cash to evade detection of law enforcement agencies. Based on the findings of the enquiry case FIR No 08 of 2023 was registered under relevant sections of law.
Today’s raids were conducted on the strength search warrant issued by the Hon’ble Special Designated NIA Court to collect evidence relevant to the ongoing investigation in the case. State Investigation Agency reiterates its commitment to dismantle the terror ecosystem in J&K by chocking terror financing channels be it hawala, human cash couriers or banking channels.
