Srinagar, July 11 : The State Investigation Agency (SIA) of the Jammu and Kashmir Police on Friday carried out raids at three locations in connection with an ongoing terror funding case involving cryptocurrency transactions. The coordinated searches were conducted in Jammu, Doda, and Handwara, an official police spokesperson confirmed.
The raids were part of the investigation in FIR No. 12/2022, registered under the Unlawful Activities (Prevention) Act (UAPA) and relevant sections of the Indian Penal Code (IPC). According to the SIA, the operation targeted individuals allegedly involved in cross-border terror financing using virtual currencies.
“The objective of the raids was to collect critical evidence that can help unravel a larger conspiracy involving cross-border funding through cryptocurrency to support terrorism and disturb peace in Jammu and Kashmir,” the spokesperson said.
In addition to financial links, the operation also aimed at identifying individuals involved in inciting youth against the Union of India, thereby posing a direct threat to national security.
The searches led to the seizure of vital evidence, including electronic devices and documents, which the agency believes will help in identifying and apprehending co-conspirators and facilitators of the funding network.
“This marks a significant breakthrough in exposing the underground financial ecosystems that continue to fuel terrorism in the region,” the spokesperson added.
He further said that the SIA remains steadfast in its mission to dismantle terror support structures and will continue operations to safeguard national sovereignty and the security of the people of Jammu and Kashmir.
“These raids are a reflection of the agency’s unwavering commitment to protect the country from threats posed by subversive elements using modern digital channels like cryptocurrency for terror-related activities,” the spokesperson concluded.
