Hawala Channels: Info on doubtful bank accounts extracted


Srinagar, Aug 23: Just days after the Union Ministry of Home Affairs (MHA) asked the National investigating agency (NIA) to probe the ‘suspicious’ inflow of funds to the valley in the current unrest, the NIA has collected vital information from various banks of the state including a prominent local bank.

According to media reports, in preliminary investigation NIA wanted details from almost all the government and private banks of the state including a prominent bank in J&K.

“Though at this point of time it is not proper to share the detailed information, but yes based on technical inputs, vital information has been collected that shows certain bank accounts have seen huge inflow and outflow of funds during the last two months in the valley,” sources in the NIA said and added that the report is being prepared and is to be submitted shortly to the Union Ministry of Home Affairs (MHA).

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Senior officials in the prominent local bank, according to reports, have admitted that the NIA asked for some details from the bank without further giving out any information.

A local paper has reported that around a dozen bank accounts were under the scrutiny of the National Investigation Agency assessing whether these accounts were being used to fund of militant activities and protests in the valley.

“It has been observed that over the last few months, there have been huge inflow and outflow of funds from these accounts. The accounts are in the name of persons whose income doesn’t warrant such a transaction,” a senior NIA officer said.

“If the funds are found to be linked for anti-national activities, the NIA will register an FIR and launch a full-fledged probe,” sources in the NIA maintained.

Over 65 people have died in the 45-day-old unrest including two cops and over 5000 have been injured.

Over 4000 security personnel have also been injured  in trying to control the protests and stone pelting.

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