NIA seizes Rs 36 crore in demonetised banknotes; 9 arrested

Jammu and Kashmir Terror Funding Case: NIA seizes demonetised currency worth crores

Jammu and Kashmir Terror Funding Case: NIA seizes demonetised currency worth crores

The National Investigation Agency (NIA) on Tuesday said it had seized almost Rs 36.5 crore in demonetised currency and arrested nine persons here in its ongoing probe into the Jammu and Kashmir terror funding case. Nine persons have been arrested in connection with this case.

Seven people were intercepted by an NIA team in Connaught Place area here yesterday when they were carrying 28 cartons filled with demonetised Rs 1,000 and Rs 500 notes in four vehicles - BMW X3, Hyundai Creta SX, Ford EcoSport and BMW X1, an NIA spokesperson said.

The agency says the seizures were made in connection with the investigation of the Jammu and Kashmir terror-funding case. Few vehicles were also seized from the arrested persons After initial questioning, they will be produced in the special NIA Court on Wednesday.

Those held were Pradeep Chauhan, 47, Bhagwan Singh, 54, Vinod Shreedhar Shetty, 47, Shahnawaz Mir, 45, Deepak Toprani, 60, Majid Yousuf Sofi, 27, Ejajul Hassan, 38, Umar Mushtaq Dar, 27, and Jaswinder Singh, 53.

They were brought to the NIA headquarters for questioning, he said, adding that Rs 36.34 crore in demonetised currency notes was seized from them. Three other associates of this gang were apprehended later in the evening and were brought for questioning to the NIA HQ.

During the probe, he said, it emerged that people and entities linked to separatists and terrorists were still in possession of a significant amount of demonetised currency notes that could not be converted into new ones.

"Surveillance was mounted, which led to unearthing of a conspiracy wherein these persons were trying to convert the demonetised money into valid currency". Reports of the involvement of separatist leaders and Kashmiri businessmen who are in Tihar Jail on charges of terror funding are awaited.

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