Major blow to Terror financing as I-T department seizes assets worth crores in J&K 

The Income Tax Department has seized assets worth crores – undisclosed cash, jewellery and property papers – in Jammu and Kashmir. The operations were done in five locations in Kashmir valley and a few places in Jammu.

“These actions are part of the department’s continued drive against use of black money by disruptive elements in the state. The operations also send a message of deterrence and obviation to those intending to vitiate the democratic process of free and fair elections,” it said. The tax department further said one operation was against a prominent Line of Control (LOC) trader who apparently used proxies to conduct large cross-LoC trade in the past six years.

As the raids on Hurriyat and other actors who were proxies of Pakistan continue and intensify, the drying up of the terror financing is also happening in parallel.

What the drying up of financing means is that the money that these Pak proxies used to pay the stone pelters or the Jehadis is no more there.  This will cut off that part of the actions.

Source: Times of India