Washington, Nov 13: The slapping of sanctions against the Khanani Money Laundering Organisation by the United States of America has been welcomed by India.
The US slapped sanctions on a Pakistan based group and its affiliate in Dubai which is alleged to have ties with terror groups and the Dawood Ibrahim syndicate.
A statement from the US states that the Khanani Money Laundering Organisation exploits its relationships with financial institutions to funnel billions of dollars across the globe on behalf of terrorists, drug traffickers, and criminal organizations.
The Pakistan-based group launders illicit funds for organised crime groups, drug trafficking organisations, and designated terrorist outfits throughout the world, the US Treasury said.
India welcomes move
The move by the US to slap sanction on these groups has been welcomed by India. These groups were active in helping drug lords and particularly the D syndicate launder cash. The money transactions of the D Gang was the most difficult for the Indian agencies to crack.
More importantly it is the money that the D Gang earned which made them relevant in Pakistan. The laundering racket is inter-connected. Money earned by the D Gang is laundered and lands up with terrorist groups at the behest of the ISI.
India has launched a major drive against the business interests of the D-Gang. Right from detecting properties in the UK and the UAE, the Indian agencies have also sought international assistance to weaken the network.
In the backdrop of such an exercise being carried out b y India, this move by the US is welcome as it would help cripple the D network to a large extent.