Money Laundering Case Linked Terror Funding: ED, which is investigating the Malegaon money laundering case, suspects that 255 primary bank accounts are potentially linked to terrorist funding. ED has found some important evidence during the investigation under Operation “Real Kuber” which indicates that it is a well organized money laundering network, in which a web of many cell companies has been created and alleged direct links with political people. And is also indirectly connected.
ED is analyzing the transactions of these accounts. Investigation has revealed that these accounts were fraudulently opened in the name of Hindu youth, so that this entire operation inspired by terrorist activities could be covered and there would be no possibility of suspicion. Also, a huge amount of money could be collected in these 255 accounts of Kuber and not only could it be laundered through Hawala, but a large part of it could also allegedly be used for politically motivated suspicious activities.
“Clues of link to terrorist funding”
According to sources related to ED’s investigation, during the investigation, they have found clues that this Rs 1000 crore money laundering network is linked to political network and terrorist funding, which was loaned from the accounts of many other fake and cell companies. When ED investigated suspicious financial activities related to 255 primary accounts, it was found that in these 255 accounts, money came from accounts allegedly linked to political party leaders, who were directly or indirectly linked to religious politics and inflammatory activities. Has happened. The agency is investigating the transactions in these accounts and the relationships between the persons associated with these accounts.
“Money was used in religious propaganda”
According to sources, investigation revealed that Rs 379 crore were withdrawn from these accounts across the country, which were used to create a tense atmosphere during the assembly elections held in different states in the last few months and to create social and religious propaganda, including against law and order. This has been done to spoil the end order.
“Evidence of increasing religious propaganda by fundamentalist organizations”
ED investigation has also found evidence in which some part of this money was allegedly used by some fundamentalist organizations to promote religious propaganda, instigate differences between Hindu-Muslims and promote political unrest related to ST, NT and OBC. Was given in cash for. The ED had identified some persons allegedly associated with political parties during the elections.
During the investigation, ED had sent summons to many account holders of 255 bank accounts for KYC verification and statements of many account holders have also been recorded. During interrogation, some people have claimed that the money in their accounts was related to gambling and betting.
“Approximately Rs 114 crore transferred to 19 accounts”
During this investigation of ED, an important link of Malegaon money laundering has come to the fore, in which it was found that the links of the 19 bank accounts of Malegaon in which an amount of Rs 114 crore had reached for money laundering, are connected to these 255 accounts. In which approximately Rs 114 crore was transferred from this Kuber account to 19 accounts of Merchant Cooperative Bank and Bank of Maharashtra in Malegaon.
“Use of fake documents for transactions”
These 19 accounts were opened fraudulently by the arrested accused Siraj Memon, who is accused of using fake documents for these transactions. During custodial interrogation of ED, Siraj Memon revealed that he had hacked the account at the behest of accused Nagni Akram Mohammed Shafi and the mastermind of this money laundering syndicate, Mehmood Bhagad, (also known as “Challenger King” or “MD”). Were provided. Challenger King is currently absconding in this case.