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NIA arrests two in J&K cross LoC trade, terror funding case



JAMMU: National Investigation Agency (NIA) on Tuesday arrested two accused persons in a case pertaining to the generation of extra profits through cross LoC trade mechanism between Jammu and Kashmir and Pakistan occupied Kashmir and using of those funds for fomenting terrorist activities in the Union Territory.

They have been identified as Tanveer Ahmad Wani, son of Ghulam Ahmad Wani, resident of Achagoza, PS Rajpora, Distt. Pulwama and Peer Arshad Iqbal alias Ashu, son of Peer Gayasuddin, resident of Khwaja Bagh, Baramulla in case RC-17/2016/NIA/DLI.
The cross LoC trade was started in 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 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.
The arrested accused are cross-border LoC traders and were handling several crossLoC 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, NIA handout stated.

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