Srinagar: A Rs 85 crore terror funding racket was busted in Jammu and Kashmir. A senior police officer and a leading businessman in Srinagar were among the suspects involved in this biggest terror funding case discovered in the country in the recent past.
“It is pertinent to mention that this is a terror funding case in which money amounting to Rs 85 crore has been raised and laundered through covert channels. The money is suspected to be used in funding terrorism and secessionism in the UT of Jammu & Kashmir,” said the Special Investigating Agency (SIA) of Jammu and Kashmir.
As per reports, this money-laundering network involved in terror funding has Dubai links.
The SIA raided 22 locations Wednesday including the premises of a senior police officer and a leading businessman.
This massive money laundering was done through gold smuggling and other means.
On Friday morning, searches were carried out at 10 locations in the districts of Srinagar, Pulwama and Anantnag by the SIA. “The State Investigation Agency once again affirmed its resolve in dismantling the terror ecosystem in Jammu and Kashmir,” said an SIA statement.