October 24, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Cross-LoC trade case: NIA conducts raids across J&K

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Cross-LoC trade case: NIA conducts raids across J&K
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Cross-LoC trade case: NIA conducts raids across J&K
Cross-LoC trade case: NIA conducts raids across J&K

JAMMU: National Investigation Agency (NIA) on Sunday raided several locations across J&K in connection with misuse of money generated from trade with Pakistan through the Line of Control (LoC) for carrying out terrorist activities.
An NIA spokesperson said the raids were carried out at 9 places in Poonch district with the assistance of the J&K Police, Central Reserve Police Force (CRPF) and the Indo-Tibetan Border Police (ITBP) in a case registered on December 9, 2016.
The cross-LoC trade was started in 2008 as part of confidence-building measures (CBMs) between India and Pakistan, but on April 18, 2019, India had indefinitely suspended trade at two points along the LoC following reports that it was being misused for smuggling weapons, narcotics and fake currency.
“The trade was based on a barter system and third-party goods were not allowed. The case being probed by NIA is related to large-scale transfer of funds from Pakistan to India through the import of California almonds and other items via the Cross-LoC Trade Facilitation Centres (TFCs) located at Salamabad in Baramulla district and Chakan-Da-Bag in Poonch district. These funds were purportedly being used for fomenting terrorism/separatism in Jammu & Kashmir,” the spokesperson said.
“It was found during the investigation that some of the traders having excess imports were channelising the surplus profit to terror organisations while others are suspected to have links with terrorist organisations,” the NIA spokesperson said. “During the searches on Sunday, documents, digital devices and other incriminating materials were recovered from the premises of the suspects.”

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