3 locations raided in terror-funding case involving cryptocurrency

The State Investigation Agency (SIA), Kashmir, conducted simultaneous search operations at three locations in Jammu, Doda, and Handwara, according to an official statement, which said it was “a significant step towards dismantling terror financing networks.”

A police spokesperson said these meticulously executed searches aimed to secure critical evidence to unravel a complex conspiracy involving cross-border funding through cryptocurrency, designed to fuel terrorism and destabilise peace in the Union Territory of Jammu and Kashmir.

“The search operations also targeted efforts to identify individuals inciting youth against the Union of India, thereby threatening national security,” said the spokesperson.

The searches are part of an ongoing investigation under FIR under Sections 18, 38, and 39 of the Unlawful Activities (Prevention) Act, along with Sections 120B, 121, and 121A of the Indian Penal Code, registered at Police Station CI-SIA Kashmir, he added.

“The search operations yielded vital evidence, marking a breakthrough in exposing the clandestine financial networks that keep the pot of terrorism boiling in Jammu and Kashmir,” he said.

The spokesperson said the recovered articles/electronic devices are expected to aid the SIA in identifying and apprehending co-conspirators and accomplices orchestrating these anti-national activities.

“The State Investigation Agency remains determined in its commitment to rooting out terrorism and its support systems, including sophisticated methods like cryptocurrency-based funding, which are increasingly exploited to perpetuate violence and radicalisation,” he said.

He added that these search operations reflect the State Investigation Agency’s unwavering determination to “safeguard the sovereignty and integrity of the nation while ensuring the safety and security of the people of Jammu and Kashmir.”

J & K