Whom are terrorists cashing in on? Hyd cops find out

SHARP FOCUS: Police Commissioner Balwinder Singh and his team is intent to find who are funding the terrorists.

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Hyderabad: A statement made by a suspected Lashkar-e-Taiba operative Lashkar-e-Taiba operative Mujeeb Ahmed a year ago, was ignored by the Hyderabad Police.

“We are financially sound and strong to carry out our activities,” Ahmed had said.

However, after three blasts in the city that displayed the terror groups' wherewithal to pull off deadly attacks, the police are now probing the source of their funds.

Investigations have revealed that the terrorists spent about Rs 12 to 15 lakh on the three blasts. And most of the suspects detained by the police had bikes, computers, cell phones and huge bank balances.

"That's definitely one of the areas that we're looking at as to how those people are living? Who is funding them? What is the source of their income? Are they living within those resources or a person has more money than what he can explain for?” says Hyderabad Police Commissioner, Balwinder Singh.

The police had seized fake currency of over 2.5 crore rupees just a few hours before the twin blasts. It was allegedly printed in Pakistan and smuggled into Hyderabad via Dubai.

The police believe that the money was meant for terrorists. Inquiries also revealed families of terror suspects even got monthly pensions of Rs 5,000 to 10,000 while the accused were in prison facing trial.

Sources say that most of the funds for the terror activities came from Dubai through different Hawala channels.

The possibility that funds were also received through legal means as export income of some fake companies is however, not ruled out.

A special team of economic offences wing has been deputed to study the funding pattern.

Hyderabad police hopes to come out with the list of individuals, companies and the frontal organisations who are regularly funding the different terror groups in the city.