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The National Investigation Agency (NIA) with the assistance of Jammu and Kashmir Police, CRPF and ITBP, conducted searches at nine locations in Poonch district of UT of Jammu and Kashmir at the premises of the suspected LoC traders.
During the searches, the NIA has seized various documents, digital devices and other incriminating materials from the premises of the suspects.
The case was registered on 09.12.2016 by NIA under Section 17 of UA(P) Act, 1967. LoC Trade was started in the year 2008 as a part of confidence-building measures between J&K and PoK. The trade was based on a barter system and third party origin goods were not allowed. The instant case is related to the large scale transfer of funds from Pakistan to India through the import of California Almonds (badam-giri) and other items via the Cross LoC Trade Facilitation Centres (TFCs) located at Salamabad, Uri, District Baramulla and Chakan-Da-Bag, District Poonch. These funds were purportedly being used for fomenting terrorism / separatism in Jammu & Kashmir.
Investigation into the case revealed that some of the traders having excess imports were channeling the surplus profit generated to terror organizations while others are suspected to have links with proscribed terrorist organizations.
