Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
The agency told the court that he is the "mastermind" and the handler of the arrested suspects.
The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.
The National Investigation Agency on Wednesday sought the death penalty for convicted Kashmiri separatist leader Yasin Malik, who had earlier pleaded guilty of all charges, including those under the Unlawful Activities (Prevention) Act, in a terror funding case, court sources said.
'Individuals have been found providing money to major terrorist groups, Hurriyat leaders, separatists and stone-pelters in Jammu and Kashmir.'
The persons nabbed have been identified as Perwez Ahmed, Mohd Ilias and Abdul Muqeet (arrested from Delhi) and Shafeeque Payeth who was taken into custody by the ED from Kerala.
He said despite efforts by the UN, the threat of terrorism is only growing and expanding, particularly in Asia and Africa.
The court is likely to hear argument on quantum of sentence on February 14 and the convicts face a maximum punishment of life imprisonment.
Investigations in to the recent AT&T network hacking incident in Philippines have revealed that the funds were indeed used for terror operations by the Lashkar-e-Tayiba, which in turn used it to fund the 26/11 Mumbai terror attack. Vicky Nanjappa reports.
Behal is also a member of the legal cell of the separatist amalgam led by Geelani and a 'close associate' of the Hurriyat hawk.
Terrorists belonging to banned groups United National Liberation Front (UNLF) and People's Liberation Army (PLA) were allegedly part of the mob from which gunshots were fired at an army officer that left him severely injured in Manipur, officials said Monday.
Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will comprise a fresh issue of equity shares valued at Rs 3,100 crore, alongside an offer for sale of 22 million equity shares by its promoters and investor shareholders.
The details that have been shared include identification, account and financial information, including name, address, country of residence and tax identification number, as well as information concerning the reporting financial institution, account balance and capital income.
Proceedings of both Houses of Parliament were disrupted on Monday as the treasury benches accused top Congress leaders of colluding with billionaire investor George Soros to destabilise the country, triggering protests from opposition members.
Two days after five Chinese nationals were killed in a suicide attack at a hydropower project in Khyber Pakhtunkhwa in Pakistan, a Chinese company has suspended civil works and laid off hundreds of workers at another hydropower project in the same restive province, according to media reports on Thursday.
The case is linked to the Bhopal terror funding case involving the proscribed organisation, Jamaat-ul-Mujahideen Bangladesh.
The FATF "strongly" urges Pakistan to swiftly complete its action plan when the last set of action plan items are set to expire.
'If the country felt very strongly about the BJP, then why did the country not put money where the mouth is?'
'Everyone is unhappy with the lieutenant governor's administration, which is ignorant, high-handed, and inaccessible.'
It said two of the key accused were Islamic State of Iraq and Syria radicals, who used fraudulently obtained "Indian SIM cards and Indian bank accounts" besides "various Indian and Bangladeshi Identity documents downloaded from the dark web (which is accessible only through specialised browsers) in carrying out their nefarious activities.
Concerned over terror funding, the World Bank and the IMF have launched an intense programme using a comprehensive methodology involving 75 client countries to identify the means of formal and information remittances used for money laundering.
In almost every hawala deal, 10 per cent of the amount goes towards terror funding, reports Vicky Nanjappa
Lashing out at Abdullah and Mehbooba Mufti, Rashid on Wednesday alleged that they have "destroyed" Kashmir.
The Popular Front of India (PFI), banned recently by the government for alleged terrorist links and spreading communal hatred, has a "well-structured and organised" presence in the Gulf countries for raising and mobilising funds, the Enforcement Directorate said on Monday after a local court took cognisance of its latest charge sheet filed against three PFI office-bearers.
The judgement, however, paved the way for their release as all of them have already served as much time in jail.
Pakistan's caretaker Prime Minister Anwaar-ul-Haq Kakar has included Mishaal Hussain Malik, wife of jailed terrorist and Jammu Kashmir Liberation Front (JKLF) chief Yasin Malik, in his cabinet.
The three have been identified as Parveen Wadhwa alias Prince, Irfan alias Chenu and Jassa Singh.
Terrorist groups and drug mafias often use middlemen, who open several accounts in a bank under a number of assumed identities, says Vicky Nanjappa
According to The Sunday Times, Prince Charles met with the Al Qaeda founder's half-brother Bakr in London and allegedly agreed to accept GBP 1 million.
The Financial Intelligence Unit last month marked 200 transactions in India -- running into Rs 2000 crore -- as terror-financed. Now, it has commenced its probe to trace the origin of the funds.
The National Investigation Agency has filed a chargesheet against eight alleged ISIS terrorists for their involvement in radicalising, recruiting, organising terror funds and grooming gullible Muslim youth through different secured social media platforms to join the global terrorist organisation, an official said on Friday.
During arguments on the sentence, Defence Counsel M S Khan sought leniency on the ground that the convict was an old man and some of his family members had been killed in terrorist violence in Jammu and Kashmir.
During the briefing, Jaiswal reiterated that so far no evidence has been shared by Canada.
He also said that terrorists are constantly finding new ways to carry out violence, radicalise youth and raise financial resources and the darknet is being used by terrorists to spread radical content and conceal their identities.
Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.
With the sacking of the grandson, Anees-ul-Islam, and the teacher, Farooq Ahmed Butt, the total number of employees dismissed in the last six months has gone up to 27.
'The wave of terrorism is over in Kashmir. Local people do not support it.'
Authorities on Monday attached a house belonging to Hizbul Mujahideen chief Syed Salahuddin's son in the city's Ram Bagh area, officials said.
The report said the company, which was involved in transactions with and buying properties from the late Iqbal Memon alias Iqbal Mirchi, gave Rs 10 crore to the BJP in 2014-15. Mirchi was a close aide of Dawood Ibrahim.
The raids were conducted a day after a special court in Mohali declared Dala a proclaimed offender in a case of conspiracy to kill a priest in Punjab, a spokesperson of the federal agency said.
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