January 2002 News

Militants down monetarily as funds from Dubai channel squeezed

27 January 2002
The Asian Age

Srinagar: With the authorities clamping down a squeeze on funds coming through Dubai channel, militants in Jammu and Kashmir have now started resorting to ''extortion'' to meet their daily needs even as investigating agencies were trying to expose the entire ramifications of the funding racket. The state administration alongwith Central agencies began their crackdown since first week of December last year and netted a whopping Rs 1.80 crore in just two weeks, official sources said. While Jammu and Kashmir Chief Minister Farooq Abdullah said that concrete steps were being taken in this direction to choke the funds for anti-national elements, senior police officials in the state feel that agencies like CBI and Directorate of Revenue Intelligence should step in as the funds, after being received through hawala channel, came into the valley from the national capital. The Jammu and Kashmir police assisted by Central Intelligence agencies carried out six operations in the state during which it nabbed 15 people including a prominent carpet businesmen and netted a whopping Rs 1.80 crore that had come through Dubai, the sources said. ''The exact ramifications of the funding were yet to be ascertained. We here do not have much of expertise to deal with such an economic crime,'' says Acting Inspector General of Kashmir range Ashok Bhan. He said there were some reports that militants had started collecting money from public.


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