Wednesday, Oct 01, 2014

Hawala: J&K ED sleuths asked to share info with Delhi office

money-t Militants and some related institutions are receiving money through hawala operators and in the past two years not a single case has been registered under Prevention of Money Laundering Act.
Written by Mir Ehsan | Srinagar | Posted: July 8, 2014 3:17 am | Updated: July 8, 2014 3:26 am

In a bid to choke funding for militants and their sympathisers, the Centre is pushing for better coordination between various state and central intelligence agencies and the Enforcement Directorate.

The Union Home Ministry has ordered information sharing between Enforcement Directorate’s Srinagar Office and head office in Delhi on certain high-profile cases.

The decision has been taken after reports that militants and some related institutions are receiving money through hawala operators and in the past two years not a single case has been registered under Prevention of Money Laundering Act in Kashmir “despite transactions are going on”.

Recently, Joint secretary (Kashmir) in the MHA R K Srivastava chaired a high-level meeting of various agencies in Srinagar. Sources said that in the meeting the Joint secretary (Kashmir) pulled up the enforcement wing of the Directorate in Srinagar for not registering any case of money laundering in two years.

It was also decided that the Srinagar wing will forward cases to Enforcement Directorate in Delhi so that quick actions could be taken.

The sources said in the meeting it was decided that soon nine cases of Cross LoC trade, seizure of counterfeit currency notes which have face value of Rs 25 crore and Rs 25 lakh hawala transaction related to some separatist leaders will be transferred to New Delhi.

In the meeting, a high-profile case of a prominent hawala businessman who is related to some top police officials and politicians also came up for discussion. The meeting was informed that no chargesheet has been filed in the case. This case is also likely to be transferred to ED Delhi.

Sources said the Joint secr­etary in the meeting expressed his displeasure over the conviction rate in militancy cases and said the acquittal rate is high compared to conviction.

comments powered by Disqus
Featured ad: Discount Shopping
Follow

Get every new post delivered to your Inbox.

Join 1,080 other followers