New Delhi: Twenty years ago, his smuggling operations paid for the bombs which killed 257 people in Mumbai. Now, a CNN-IBN and FirstPost investigation has found that ganglord Dawood Ibrahim's cash is washing up in the offshore banking haven of Nassau in The Bahamas - a beach paradise also known for its zero-taxes and high-secrecy banking - in an Indian bank. It is the tip of what one expert has called "the Goldman Sachs of the underworld".
Responsible for the 1993 blasts in Mumbai, Dawood is India's most wanted terrorist and is said to be living in Karachi under the patronage of the Pakistan army. US has designated him a global terrorist and has even frozen his assets in the country.
Cash from Afghanistan-Pakistan based terror groups, being handled by Dawood, has been traced to The Bahamas and is lying at the Nassau branch of Bank of Baroda. Highly-placed government sources have told FirstPost and CNN-IBN the Bank of Baroda's Nassau branch saw successive wire transfers of several hundred thousand dollars from at least three Dubai-based currency exchanges - the al-Zarouni Exchange, the Dubai Exchange and the al-Dirham Exchange - suspected to be proceeds from organised crime.
The Al-Dirham exchange is named in an Indian government dossier on Dawood Ibrahim's operations. The Bank of Baroda's Nassau branch did not respond to an e-mail from FirstPost....
more
09:44 PM, Apr 05, 2013
The head of Pakistan's Taliban said his militia is willing to negotiate with the government but not disarm, a message delivered in a video given to Reuters on Friday. The release of the 40-minute video follows three high-profile Taliban attacks in the northern city of Peshawar this month - an attack by multiple suicide bombers on the airport, the killing of a senior politician and eight others in a bombing...
08:44 PM, Dec 28, 2012
New Delhi: The 2008 terror attacks in Mumbai that killed 166 people were originally planned for execution during Ramzan that year, according to the interrogation report of Lashkar-e-Taiba operative David Coleman Headley. The plan was aborted after the boat carrying the terrorists capsized. CNN-IBN accessed the complete interrogation report of Headley, in which the Pakistani double agent explains the logic behind the 26/11 attacks. Plans to attack the Raksha Bhawan...
03:49 PM, Oct 19, 2010
The government has banned more than a hundred terrorist outfits linked to al-Qaeda from across the globe. ...
03:05 PM, May 16, 2010
PM speaks out about Pakistan being epicentre of terror. ...
09:15 PM, Apr 01, 2009
Northampton: India's preparations for the crucial third Test against England suffered a setback on Friday, with most of their frontline batsmen, barring Abhinav Mukund, failing to stand up to an average Northamptonshire attack here. Comeback man Virender Sehwag (8), Gautam Gambhir (18), Mahendra Singh Dhoni (2) and Suresh Raina (33) all failed to make the most of the last opportunity to get into some sort of form ahead of the...
09:28 PM, Feb 18, 2008
The sea route is the most preferred for terrorist outfits to import terror. ...
11:16 PM, Sep 19, 2007
Govt said M K Narayanan didn't give any specific name while referring to terror outfits raising funds in stock markets. ...
04:41 PM, May 15, 2007
