Homegrown terror outfits are using money from petty crimes such as robberies and extortion to fund their activities, making it difficult for investigators to track their financial trail, reports Vicky Nanjappa
As police officials from across the country continue to grill
Indian Mujahideen operatives, they have discovered that a large part of the terror fund is raised through extortion and robberies.
In most of the recent operations --
13/7 Mumbai blasts, the
Jama Masjid attack last year -- carried out by the IM, they have not left any financial trail. Investigators have been keeping a close watch on transactions in Dubai and Kerala, but have not found any evidence to prove that the money was being transferred to IM operatives.
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The recent attacks are among the cheaper operations carried out by the IM and were executed with finances less than Rs 20,000. Insiders say the IM believed it was best not to risk entering wired transactions
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to procure such meagre sums.