Continuing its determined efforts and pursuit to dismantle terror support eco-systems in J&K, the State Investigation Agency, Kashmir on Friday conducted raids at 05 locations in Delhi and Srinagar.
As per the official communication from SIA, the searches were carried out simultaneously by special teams of SIA.
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, it said.
The instant case 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, it added.
It 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 .
Today’s raids were conducted on the strength of search warrant issued by the Hon’ble 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 valley, 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.
