Published On: Wed, Jul 26th, 2017

Court grants seven days ED custody of Shabir Shah for terror funding

New Delhi: The Enforcement Directorate has has been granted seven days custody of arrested separatist leader Shabir Shah as part of the government’s crack-down on terror financing in Kashmir valley through funds received from Pakistan.

Shah has channelised the illegal money to fund the terror activities in the state of Jammu and Kashmir

Shabir Shah was taken into custody from Srinagar on Tuesday evening on money laundering charges in a case dating back to 2005 and was brought on Wednesday afternoon to Delhi where a court allowed the Enforcement Directorate to question him for seven days in its custody.

According to an official Shah’s arrest relates to an August 2005 case wherein the Delhi Police Special Cell had arrested hawala dealer Muhammad Aslam Wani.

Wani has confessed that he had passed on hawala money worth Rs 2.25 crore to Shah. The ED had registered a criminal case under the Prevention of Money Laundering Act (PMLA) against both.

Public Prosecutor Rajeev Awasthi told the court that his custody would help the probe agency to unearth the entire modus operandi as the case is of “serious nature”.

“Shah has channelised the illegal money to fund the terror activities in the state of Jammu and Kashmir,” the probe agency said in its remand application.

The application said Shah’s custody was required to unearth the connections of persons arranging money to fund subversive activities in the valley.

“Since large amount of cash was used and banking channels were apparently avoided, this gives rise to reasonable belief that funds were illegally generated and perhaps may be for criminal activity.”

It said Shah’s accounts in Jammu and Kashmir Bank and HDFC Bank and properties owned by him were to be confronted and his sustained interrogation under the provision of Prevention of Money Laundering Act was imperative.

Over the past 29 years of separatist activities in Jammu and Kashmir, Shah has often been accused of accumulating huge wealth through various sources, including the hawala channels.

 

 

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