Terror Funding

A National Investigation Agency team conducts raids on dozen places of Jammu and Kashmir in connection with its ongoing probe into the terror funding to stoke unrest in the valley, in Srinagar Aug. 16, 2017. The NIA arrested nine people and seized nearly Rs. 36.5 crore in demonetized cash Nov. 7, as part of an operation in the ongoing investigation into the terror funding case.  (IANS photo)

NEW DELHI — The National Investigation Agency Nov. 7 said it had seized nearly Rs. 36.5 crore in demonetized currency and arrested nine people here in its ongoing investigation into the Jammu and Kashmir terror funding case.

Following inputs, an NIA team seized the currency Nov. 6 on Jai Singh Road near Connaught Place – a business and financial hub in Delhi situated not more than eight km from the counter-terror agency's headquarters.

"Seven gang members were initially apprehended while carrying 28 cartons filled with the demonetized notes in four luxury vehicles. Their other accomplices were apprehended later in the evening. We seized Rs. 36,34,78,500 from their possession," NIA Spokesperson Alok Mittal told IANS.

He said after initial questioning at the NIA headquarters, the nine were arrested Nov. 7 in the Jammu and Kashmir terror funding case. They will be produced in a Special NIA court Nov. 8.

Those held were Pradeep Chauhan, 47; Bhagwan Singh, 54; Vinod Shreedhar Shetty, 47; Shahnawaz Mir, 45; Deepak Toprani, 60; Majid Yousuf Sofi, 27; Ejajul Hassan, 38; Umar Mushtaq Dar, 27; and Jaswinder Singh, 53.

Three accused hail from Jammu and Kashmir, two from Delhi, two from Mumbai, and one each from Uttar Pradesh and Nagpur.

NIA investigators said they received inputs about persons and entities with links to separatists and terrorists, and still in possession of a significant amount of demonetized currency, which they could not deposit or convert during the period earmarked by the government.

"Surveillance was mounted, which led to unearthing of a conspiracy wherein these persons were trying to convert the demonetized money into valid currency."

With the arrest of the nine people, the total number of arresting in the terror funding case has now reached 19. 

Since June, the agency has arrested seven separatist leaders, one businessman, and two stone-pelters for receiving funds from Pakistan to sponsor terror activities and stone-pelting in Jammu and Kashmir.

On July 24, the NIA arrested seven persons – Aftab Hilali Shah alias Shahid-ul-Islam, Ayaz Akbar Khandey, Farooq Ahmad Dar alias Bitta Karate, Nayeem Khan, Altaf Ahmad Shah, Raja Mehrajuddin Kalwal and Bashir Ahmad Bhat alias Peer Saifullah – on charges of criminal conspiracy and waging war against India.

Altaf Ahmad Shah is the son-in-law of hardline Hurriyat leader Syed Ali Shah Geelani, who advocates Jammu and Kashmir's merger with Pakistan. 

Islam is a close aide of moderate Hurriyat leader Mirwaiz Umar Farooq, while Khandey is the spokesperson for the Geelani-led Hurriyat.

The agency also arrested businessman Zahoor Ahmad Shah Watali in mid-August. Watali is accused of acting as a conduit for channeling funds for separatists and terror activities in the valley.

He was allegedly collecting funds from Pakistan and banned terrorist organizations and transferring the same to various Hurriyat leaders.

On Sept. 5, two alleged stone-pelters – Javed Ahmad Bhat of Kulgam and Kamran of Pulwama – were arrested in connection with an ongoing probe into terror funding to stoke unrest in the Kashmir Valley.

A highly-placed NIA source told IANS that agency officials had apprehended two more persons from Ambala in Haryana and seized Rs. 4.5 lakh in demonetized currency.

The source said the two were apprehended from Barara in Ambala district Nov. 7. The agency is investigating if they are linked to the nine persons arrested in the terror funding case.

The development came amid opposition claims that the Nov. 8, 2016, decision to spike 1,000 and 500 rupee notes (almost 86 percent of the currency in circulation then) had made no significant impact on curbing terrorism and its financing from across the border.

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