Northeast cops on lookout for Rs 9 cr pushed by rebels

There were also reports of militant groups trying to press common people in some districts to exchange old notes

Written by Samudra Gupta Kashyap | Guwahati | Updated: November 24, 2016 2:03 am
ULFA, demonetisation, old notes, terrorists exchanging notes, north east terror, north east terrorism, ULFA terror, ULFA terrorism Photo for representational purpose. (AP Photo/Rajesh Kumar Singh, File)

The ULFA, NDFB(S), NSCN(K) and other insurgent groups of the Northeastern region have been trying to exchange a huge stock of demonetised currency notes of Rs 500 and Rs 1000 denomination by exerting pressure on businessmen and some common people too.

Bringing this up in a two-day strategy group meeting of security forces that ended here today, Assam Police Special Branch chief Pallav Bhattacharyya said while the ULFA alone is believed to have a stock of demonetised notes worth about Rs 9 crore, the amount would be much more if various other groups and factions like the NDFB(S), NSCN(K), KLO and others were taken into account.

“There are intelligence inputs that the ULFA and other factions have been trying to exert pressure on businessmen in different parts of the state to get their demonetised currency notes exchanged. While this matter came up in the strategy group meeting of the Unified Command for counter-insurgency operations, we have asked the banks to take extra measures in order to keep track of notes brought for exchange and deposit,” Bhattacharyya told The Indian Express.

He said that there were also reports of the militant groups trying to divert their obsolete currency notes to Nagaland where local tribal people do not have to pay income tax. “Security forces have been particularly instructed to check every vehicle on inter-state roads between Assam, Arunachal Pradesh and Nagaland so that nobody can take out old currency notes or bring in to Assam big amounts of new notes,” Additional DGP Bhattacharyya said.

There were also reports of militant groups trying to press common people in some districts to exchange old notes with new ones from local banks in small amounts, he said. “Inputs say they have been trying to distribute small amounts of money in old currency notes to local villagers so that those could be exchanged without raising any suspicion,” he said.

The ULFA and NDFB(S), which are still carrying out extortions on a small scale in different districts of Assam, is understood to have kept some portion of their old currency stocks within the state and some in their hide-out inside Myanmar, the ADGP said. The ULFA faction of Paresh Barua as well as the Songbijit faction of NDFB have to pay a regular sum of money to the NSCN(K) for sharing space in the Myanmar jungles.