J&K unrest: NIA prepares list of bank accounts with suspicious activity

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Srinagar, Aug 20: The National Investigation Agency is in the process of preparing a list of bank accounts in Jammu and Kashmir which have had suspicious transactions in the past month.

The action is part of the ongoing investigation being conducted into the flow of money into the Valley to fuel the protests in the aftermath of Burhan Wani's killing. Wani, a Hizbul Mujahideen terrorist was killed in an encounter on July 8.

Also read: How Kashmiri businessmen overinvoiced goods to fund the unrest

J&K: NIA looking at bank accounts

NIA officials are now approaching banks in the Valley to provide a list of accounts that have had suspicious transactions.

A large sum of money had been deposited into various bank accounts and the Intelligence Bureau had reported that this was to fuel the unrest. It was suspected that nearly Rs 30 crore had been deposited into several bank accounts.

The NIA had also learnt that some businessmen from Kashmir working in the Gulf had also channelised money into the accounts in the Valley. It was found that to justify the money flow they had over invoiced goods that they would trade in.

NIA officials say that after the list is prepared with the help of the banks, they would call in for questioning persons whose accounts have reported suspicious activity. While probing the bank accounts the NIA is also looking for the hawala route which was also used to send money to fuel the unrest.

OneIndia News

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