Srinagar: National Investigation Agency (NIA) has arrested two accused in cross LoC Trade and Terror Funding case.
A spokesperson of NIA, in a statement issued today, said that on June 27 (Monday), two accused persons, Tanveer Ahmad Wani s/o Ghulam Ahmad Wani r/o Achagoza, PS Rajpora, Distt. Pulwama and Peer Arshad Iqbal alias Ashu s/o Peer Gayasuddin r/o Khwaja Bagh, Baramulla were arrested in case RC-17/2016/NIA/DLI related to cross LoC Trade and Terror Funding.
“The case pertains to the generation of extra profits through cross LoC trade mechanism between J&K and PoK and using of those funds for fomenting terrorist activities in Jammu & Kashmir,” the spokesperson said.
The said trade was started in the year 2008 via two Trade Facilitation Centres (TFCs) located at Salamabad, Uri in Baramulla District and Chakan-da-Bagh in Poonch District. As per the SOP of the trade mechanism, 21 articles were allowed to be traded between POK and J&K and the trade was based on barter system.
“During investigation, it has been revealed that extra profit was generated by over-invoicing of export articles and under-invoicing of import articles by the traders,” said the spokesperson.
The spokesperson further said that the arrested accused are cross-border LoC traders and were handling several cross LoC trade firms registered in their own names or in the names of their friends, family members, relatives etc. They used to provide funds to the members of various terrorist organisations, OGWs, stone-pelters etc.
“Further investigation in the case continues,” added the spokesperson.
