Srinagar, Dec 03: 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.
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 SIA said that the money so raised is passed on or transferred through “financial markets or through unregulated channels/through cash couriers.”
The money so received by militant organization (s) J&K, the SIA said, is not only used for furthering of militancy, unlawful or illegal activities but is also given to OGW(s) to “motivate youth to join militant ranks and sustaining of militant ecosystem with an ulterior goal of secession of the J&K from Union of India.”
During the searches, the SIA said, huge cash of Rs 29 lakh was recovered and seized along with passbooks, cheque books and digital devices like mobile phones and other articles having bearing on the investigation. “Analysis of the data would follow and leads that would emerge would become the basis for further investigation,” the SIA said, adding, “It is pertinent to mention here that the searches are aimed at dismantling the (militant) ecosystem in the valley by identifying over ground workers supporting and abetting (militancy).”