J-K terror funding case: NIA arrests 9, seizes old currency worth Rs 36 crore in Delhi

The NIA team intercepted the gang members carrying 28 cartons of demonetised notes worth Rs 36,34,78,500 at Jai Singh Road near Connaught Place in the national capital.

Published: 08th November 2017 07:58 AM  |   Last Updated: 08th November 2017 07:59 AM   |  A+A-

Image for representational purpose only

By Express News Service

NEW DELHI: The National Investigation Agency (NIA) has seized demonetised currency notes worth over Rs 36 crore and arrested nine people in the Jammu and Kashmir terror funding case.

The NIA team intercepted the gang members at Jai Singh Road near Connaught Place in the national capital. They were carrying 28 cartons filled with demonetised currency notes of denominations Rs 500 and Rs 1,000 in four luxury vehicles, NIA spokesperson Alok Mittal said. The exact value of the seized currency notes is Rs 36,34,78,500, he added.

“During the investigation, it had emerged that persons/entities linked to the separatists and terrorists were still in possession of a significant amount of demonetised currency which they could not deposit/convert during the period earmarked by the government. Surveillance was mounted on such persons/entities.

This led to unearthing of a conspiracy wherein a gang of such persons/entities was making an attempt to convert this demonetised money into valid currency,” the agency said in a statement.

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