State Investigation Agency (SIA) of Jammu and Kashmir Police on Friday carried out raids and searches at five locations in Srinagar and Delhi in a terror funding case.
This was the second round of searches in the case which pertains to illegal raising, layering, mixing and laundering of illegal proceeds of crime by the accused persons which subsequently is suspected to have been used in unlawful activities including secessionism and terrorism. Earlier SIA had raided 32 locations in Delhi and Kashmir valley.
The raids and searches were today conducted simultaneously by special teams of SIA Kashmir at five locations in Delhi and Srinagar, SIA statement said.
“During the search operation incriminating material in the shape of bank documents, property documents, mobile phones, digital devices, SIM cards etc relevant to the investigation were seized which will be analyzed for further investigation,” the SIA said.
The raids on Friday were conducted on the strength of a search warrant issued by the Special Designated UAPA Court Srinagar to gather evidence relevant to the case.
The case was registered in police station SIA, Kashmir on the basis of an enquiry which revealed that funds to the tune of several crores of rupees had been raised and laundered in a short span of time.
It also found that these transactions were primarily cash infused thereby institutionalising suspected ill-gotten gains into the banking system in a bid to establish a criminal-terror network syndicate.
The case is under investigation at SIA Kashmir which is resilient and determined in targeting the financial networks of terror outfits with an aim to destroy its ecosystem and support structure completely.
