Intelligence agencies monitoring financial structures of terrorist outfits, says Indian govt.

Tuesday, August 21, 2012
New Delhi: Indian intelligence and  security agencies are continuously updating the understanding of the financial structures of terrorists outfits including the sources of funding all over the country, said Minister of State of Home Affairs Jitendra Singh on Tuesday.

In written reply to a question in Lok Sabha, Singh stated, "Available inputs indicate that most outfits receive funds through a combination of hawala, bank accounts and Money Transfer Service Schemes, debit cards and Fake Indian Currency Notes."

“The Central Intelligence/Security agencies working in close cooperation with their counterparts in the States to counter the financing of terrorism and keeps constant watch on suspicious channels of funding,” the statement further said.

Currently, NIA is investigating eights cases relating to financing of terrorism.
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