Chapter IV continues...

The opportunity that the Modi Government to carry out a Israeli type of bombardment of Pakistan’s camps for training of Islamic fanatic terrorist was such easier then than now since the Chinese and their junior partner have now openly and overtly begun packing Pakistan. The Ministry of Finance has placed the PNs outside the serious surveillance of the SEBI, making it an ideal financial instrument of the terrorists. The PNs now account for 53 per cent of the foreign financial flows into India.

(vii) Narcotics: Funds from drug cultivation and trafficking in narcotics are extensively used to fund terrorist outfits. Both jehadi outfits and the LTTE rely heavily on such funds for their activities. The sharp rise in opium cultivation in Afghanistan—which has more than doubled during the past few years—raises concerns of more funds becoming available to terrorists. According to Indian Agencies, at least 1/8th of their major interdictions reveal a drugs- terrorist nexus.

(viii) Counterfeit currency: Counterfeiting of currency is currently a favourite method being adopted (by Agencies across the border) to fund terrorist activities directed at India. Large amounts of high quality counterfeit Indian currency are detected each year—the normal route being via Nepal and Bangladesh.

(ix) Charities: An important source of funds to jehadi terrorist outfits are religious charities. This has been widely exposed in the August 2007 Hyderabad bombings. Sincere believers contributing to charities are perhaps unaware that a sizeable portion of the funds go to fund terrorist activities and terrorist outfits. Many of the charities are already designated as “Terrorist Front Organizations”; yet most continue to operate under new labels. The Al Rashid Trust went through several changes in nomenclature, while the banned International Islamic Relief morphed into the Sanabil Al Khir Foundation. Conduits through which such funds find their way to terrorist organizations include established banking channels such as the Habib Bank in Pakistan.

to be continued.....

( This account is maintained by Har Anand Publication)