Srinagar: State Investigation Agency (SIA) on Saturday said that Rs 29 Lakh cash was recovered after raiding several locations in Kashmir Valley against the militancy support system.
"During raids, huge cash of Rs 29 lakh was recovered and passbooks, checkbooks, and digital devices like mobile phones and other articles were seized," SIA said in a statement.
In a statement, SIA said that the 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 an 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 case pertains to members of the proscribed (militant) organization (Al-Badar) based in Pakistan who with active support and connivance of Pakistani agencies, are hostile to India, under a well-knit criminal conspiracy with some identified person(s)/OGW(s) of the proscribed (militant) organization(s) in the valley are raising funds for the furtherance of (militant) activities in J&K.”
The SIA claims that the money so raised is passed on or transferred through “financial markets or through unregulated channels/through cash couriers.”
"In furtherance to this nexus, the SIA said that the created network has successfully infringed upon various persons of varied backgrounds either with or without their knowledge to act as cash carriers. As a part of this conspiracy, (militant) funding modules have created many sleeper cells/OGW(s) in different parts of Kashmir valley who are facilitating the passing on money to various (militant) organization(s) in J&K, through banks/unregulated channels/ cash couriers.”