NIA probing bank accounts with huge transactions

NIA probing bank accounts with huge transactions

NIA probing bank accounts with huge transactions

The National Investigation Agency (NIA) has launched a probe into the huge inflow and outflow of funds from some bank accounts in Jammu & Kashmir in the past few months.

The agency is trying to ascertain whether the accounts were used for terror activities. This comes against the backdrop of intensive efforts by agencies to plug hawala routes through which terror handlers send money.

NIA Inspector General Sanjeev Kumar said these accounts are in the names of persons whose income “does not warrant such banking transactions”.

“To verify details and ascertain end users of flow of funds, the NIA has registered preliminary enquiry into the subject," he said, adding that the findings will be submitted to the Ministry of Home Affairs.

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