The National Investigation Agency (NIA) has seized demonetised currency worth Rs 36.3 crore and arrested 9 persons in Jammu and Kashmir (J&K) terror funding case.
During the investigation, it had emerged that persons/entities linked to the separatists and terrorists were still in possession of a significant amount of demonetised currency which they could not deposit / convert during the period earmarked by the government.
Surveillance was mounted on such persons/entities. This led to unearthing of a conspiracy wherein a gang of such persons/ entities were making an attempt to convert this demonetised money into valid currency.
On November 6, the NIA team intercepted the gang members at Jai Singh Road near Connaught Place, New Delhi. They were carrying 28 cartons filled with demonetised currency notes of denomination Rs 500 and Rs 1000 in 4 luxury vehicles. A total of 7 persons were initially apprehended and brought to NIA HQ for further questioning.
The demonetised currency notes having face value equivalent to Rs 36,34,78,500 were duly seized and brought to the HQ. Three other associates of this gang were apprehended later in the evening and were brought for questioning to the NIA HQ.
After initial questioning the said 9 persons have been arrested in the J&K Terror Funding case and they will be produced in the Special NIA Court on Wednesday.
Names of persons arrested are Pradeep Chauhan; Bhagwan Singh; Vinod Shreedhar Shetty; Shahnawaz Mir; Deepak Toprani; Majid Yousuf Sofi; Ejajul Hassan; Umar Mushtaq Dar; and Jaswinder Singh.
The vehicles include BMW X3 (Blue), Creta SX (White), Ford EcoSport Titanium (Black), and BMW X1 (White).
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