New Delhi. The Enforcement Directorate (ED), which is investigating the money laundering case in Malegaon, has got clues of a big terrorist funding network. Under Operation “Real Kuber”, ED has identified 255 primary bank accounts, which are part of a well organized money laundering syndicate. Investigation has found that not only hawala transactions took place through these accounts, but they were also used for terrorist activities and political purposes.
Use of fake accounts in the name of Hindu youth
ED investigation has revealed that these bank accounts were fraudulently opened in the name of Hindu youth, so that there is no scope for doubt. Large amounts of money were deposited in these accounts and then laundered through the Hawala network. The investigation also revealed that the strings of this operation were linked to some political personalities and organizations.
money used in political activities
According to the ED report, around Rs 379 crore was withdrawn from these accounts through various means. This money was used to influence the election environment, create religious and social tension, and disturb law and order.
Radical organizations received funding
The investigation also found that cash was provided to some radical organizations through this syndicate. Its objective was to increase differences between Hindu-Muslim communities, promote religious propaganda, and create unrest in the society.
Transfer of Rs 114 crore to 19 bank accounts
About Rs 114 crore was transferred to 19 bank accounts located in Malegaon. Fake documents were used for these transactions. In this case, accused Siraj Memon revealed during ED interrogation that he had opened these accounts on the instructions of a mastermind named “Challenger King” or “MD”.
Accused “Challenger King” absconding
According to the investigating agency, the mastermind of this entire syndicate, Mahmood Bhagad alias “Challenger King” is currently absconding. ED has sent summons to many bank account holders and their KYC check is being done. The Enforcement Directorate is now investigating in depth all the transactions of these accounts and the relationships of the persons concerned. Also, efforts are on to get to the bottom of the political and terrorist connections of this money laundering network. This matter has emerged as a big challenge for the internal security of the country. New revelations related to the ED investigation may reveal even deeper secrets of this money laundering syndicate in the coming days.
