Saturday, September 26, 2009

Indian Hawala transanctions finance world terrorism

The Financial Intelligence Unit marked 200 transactions in India- running into Rs 2,000 crore- as terror-financed. Now, it has commenced its probe to trace the origin of the funds.

It is a known fact that terrorist outfits use counterfeit notes to finance terror operations. This is just one of the means adopted by terror outfits and Pakistan's Inter Services Intelligence to raise Rs 1,800 crore a year to finance terror. However, in the case being probed by the FIU, there is a considerable amount of money deposited in the banks, meaning they are not counterfeit.

The money which is pumped into terror operations is generated through various sources: smuggling of opium, real estate, fake notes and extortion bids.
How hawala money is used to fund terror
Latest terror finanacer nabbed due to USA pressure
Indian accused of terror financing booked for hawala operation in Delhi

Tailpiece
Every MP of UPA is crorepati (India Today January Issue). Is he a Hawala or Real Estate Agent or Bollywood Actor?
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