Terror fund: How Pak moves cash to Kashmir separatists along the LoC

The NIA has found that a food item would be imported from Pakistan at a very low price and then sold at double the amount in India.

The National Investigation Agency which has been conducting raids in connection with a case of terror funding for Kashmir separatists has unearthed incriminating material and evidence. Among the prominent persons to be raided was also Tariq Ahmed Khan, the former president of the Line of Control Traders Association.

The raid on Ahmed Khan is significant since there was a lurking suspicion that cross border trade along the LoC was being used as a route to fund terror.

The NIA had on Saturday recovered cash of Rs 2.50 crore, letter heads of the Lashkar-e-Tayiba and Hizbul Mujahideen. On Sunday the agency recovered US dollars and Saudi and UAE currency as well.

A retired brigadier of Pak army under scanner:

A retired brigadier of the Pakistan army had been appointed to oversee the funding of terrorism through cross-border trade. NIA sources say that the retired army officer has identified 667 traders through whom the funds are being raised. The officer has been identified as Brigadier Ahmed Iqbal, sources say.

NIA officials say that they have examined documents that have been seized from the Trade Facilitation Centres located at Salamabad in Uri and Chakkan-da-Bagh in Poonch district. These documents would help the agency get a better picture of how cross border trade is funding terror activities in India.

California almonds:

The biggest draw is the California almonds. They are sourced at Rs 350 from Pakistan and sold at Rs 650 in India. There are a select set of traders who work on the pay rolls of terrorist organisations who carry out this trade for them. NIA officials say that the worry is that a bulk of the traders are on the payrolls of terrorist groups either out of choice or fear.

The NIA has found that a food item would be imported from Pakistan at a very low price and then sold at double the amount in India. For instance the California almonds would be imported by the trader at Rs 350 a kilogram and then sold at Rs 650 in the Indian market. The profit investigators say would be used to fund terror.

The NIA has also found a list of 21 items that are being imported by traders from Pakistan at a very low cost. Out of this the highest profit margin is for the California almond which sells at double the cost in India, the NIA official also informed.

Investigators have stumbled upon crucial evidence regarding terror funding along the Line of Control through the sale of dry fruits and food products. The modus operandi adopted by terror groups in selling products at a higher cost and using the profits to fund subversive activities in India was discovered by the National Investigation Agency.

It was found that cross border traders had been tapped by terror groups to help raise funds for terror activities in Jammu and Kashmir. Investigators were stumped to find out that terror funding continued unabated despite the decision on demonetisation wiping out the fake currency network.

Double cost:

The NIA has found that a food item would be imported from Pakistan at a very low price and then sold at double the amount in India. For instance the California almonds would be imported by the trader at Rs 350 a kilogram and then sold at Rs 700 in the Indian market. The profit investigators say would be used to fund terror.

There is a select network of traders that the terror groups have tapped into to further their agenda. These traders work under terror groups such as the Hizbul Mujahideen and the Lashkar-e-Tayiba, an NIA official informed.

The NIA has also found a list of 21 items that are being imported by traders from Pakistan at a very low cost. Out of this the highest profit margin is for the California almond which sells at double the cost in India, the NIA official also informed.

OneIndia News