On Wednesday, State Investigation Agency (SIA) said that the houses of seven persons were searched in three districts of Jammu and Kashmir in a case regarding militancy funding via Bitcoin trade.
A spokesman from the police department said SIA of J&K Police conducted searches at different locations across J&K. House premises of suspects in Mendhar, Poonch, Baramulla, Kupwara and Handwara were searched concerning the investigation of case FIR No.12/22 U/S 18, 38, 39 UA (P) Act, 120-B, 121,121-A IPC registered in Counter Intelligence Police Station in Srinagar.
The spokesman also said that the case prevails to terror financing via Bitcoin trade. Details that are being investigated at the initial stage include a mastermind in Pakistan who, with the active support of Pakistani intelligence agencies and in connivance with an illegal terrorist organisation(s) based in Pakistan, has been pumping slush money to their agents in J&K for further distribution among terrorist organisation(s), secessionist(s) for fueling mass violence and terrorist activities in J&K. The Pakistani mastermind has been comprehensively identified. His particulars, however, are being kept confidential because other agents connected with him are not alerted.
“Houses of following were searched today on Ms. Zahida Bano D/O Mutwali Pathan / Khan R/O Hajinaka Manigah Hyhama, Kupwara, Gh. Mujataba Deedad S/O Gh.Nabi Deedad R/O Lone Hari, Kupwara, iii) Tamjeeda Begum W/O Javid Ahmad Chachi R/O Satkoji Rajwara, Handwara iv) Yasir Ahmad Mir S/O Shamas-ud-Din Mir R/O Dewan Bagh Baramulla Mohammad Sayed Masoodi S/O Sharief ud-Din R/O Trajpora, Baramulla vi) Farooq Ahmad R/O Gagrian, Mandi Poonch vii) Imran Chowdhary R/O Dharana Mendhar.”
The police spokesman told the press that a Preliminary investigation revealed evidence that the dirty money originating from Pakistan had reached these persons. The investigation has revealed that the transfer of money has been layered to avoid backward tracing of its origin. While several accounts in the middle that have been used to layer the money are outside J&K, the effective whitewashing of the Pakistani money has taken place through the exploitation of loopholes international bitcoin trade.
While searches were conducted that day, incriminating material believed to be hidden in digital devices, SIM cards, Mobile Phones and documents having a bearing on the investigation has been recovered and seized.
Data analysis and questioning of suspects would follow, and leads would become the basis of further investigation.
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