Fayaz Bukhari
Srinagar Feb 2: The State Investigation Agency, Kashmir today conducted raids at five locations in Srinagar and New Delhi.
An official said that the searches were carried out simultaneously by special teams of SIA. In Srinagar the raids were conducted at two locations at Saidapora Eidgah and Ahmadnagar areas. In Delhi, the agency is conducting searches at three locations.
He said that 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 raids were carried out in the case that 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.
He further said that the case was registered in police station SIA Kashmir on the basis of an enquiry. “The enquiry revealed that funds to the tune of several crores of rupees had been raised and laundered in a short span of time. 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,” he said.
The search warrant for the raids were issued by the Special Designated UAPA Court Srinagar to gather evidence relevant to the case. “Pertinently this was the second round of searches in this case. Earlier SIA had raided 32 locations in Delhi and Kashmir,” it said.
“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,” it added.
During the course of the inquiry, it was discovered that a staggering amount of Rs 85 crores had been illicitly raised and laundered within a brief period of less than two years.
A case under FIR No 08 of 2023 under the appropriate sections of the law was registered at SIA Kashmir and further investigation of the case is going on.
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