SIA Raids Three Locations in J&K in Cryptocurrency Terror Funding Probe

Searches Conducted in Jammu, Doda, Handwara

Srinagar, July 11 (JKNS): The State Investigation Agency (SIA) Kashmir on Friday carried out simultaneous search operations at three locations in Jammu, Doda, and Handwara as part of an ongoing probe into a cross-border cryptocurrency funding network allegedly linked to terrorism.

In a statement issued here to news agrncy JKNS reads, SIA Kashmir conducted simultaneous search operations at three suspected locations in Jammu, Doda, and Handwara.

These meticulously executed searches aimed to secure critical evidence to unravel a complex conspiracy involving cross-border funding through cryptocurrency, designed to fuel terrorism and destabilize peace in the Union Territory of Jammu and Kashmir, statement reads.

The search operations also targeted efforts to identify individuals inciting youth against the Union of India, thereby threatening national security, it reads.

Statement reads that, The searches are part of an ongoing investigation under FIR No. 12/2022, under Sections 18, 38, and 39 of the Unlawful Activities (Prevention) Act, along with Sections 120B, 121, and 121A of the Indian Penal Code, registered at Police Station CI-SIA Kashmir.

The search operations yielded vital evidence, marking a breakthrough in exposing the clandestine financial networks that keep the pot of terrorism boiling in the Union Territory of Jammu and Kashmir. Recovered articles/electronic devices are expected to aid the State Investigation Agency Kashmir in identifying and apprehending co-conspirators and accomplices orchestrating these anti-national activities, it reads.

The State Investigation Agency remains determined in its commitment to rooting out terrorism and its support systems, including sophisticated methods like cryptocurrency-based funding, which are increasingly exploited to perpetuate violence and radicalization, it reads.

These search operations reflect the State Investigation Agency’s unwavering determination to safeguard the sovereignty and integrity of the nation while ensuring the safety and security of the people of the Union Territory of Jammu and Kashmir, reads the statement. (JKNS)