Intelligence agencies flag bank accounts of state firms

As in line with the Ministry of Home Affairs (MHA), 20 bank money owed belonging to corporations and individuals suspected to be concerned in terror investment were frozen in 2016-17. The money owed had `14.09 crore. The NIA is likewise probing cases related to the involvement of organizations in reference to terror funding. "It's suspected that a few firms are being funded by way of these firms underneath the duvet of training and charity initiatives. We are verifying the transactions which have taken region among the financial institution money owed," said the officers. The Financial Intelligence Unit underneath the Ministry of Finance has been coordinating with the MHA to hold tabs at the flow of overseas funds to Indian NGOs. "There isn't any clarity at the cause for which the cash is spent by way of those NGOs. The MHA has already cancelled the Foreign Contribution (Regulation) Act (FCRA) registration of 980 NGOs in the country between 2012 and 2015," they stated. A probe by Central organizations had observed that a few Qatar-primarily based institutions, consisting of authorities departments, have been transferring finances to companies in Malappuram and Kozhikode districts. In 2016, six such firms obtained more than `7 crore from Qatar. As in line with the info, the Gulf u . S . A .'s Ministry of Endowment became the largest contributor with `three.Five crore, followed by way of establishments known as WNO Qatar WC in Doha, Qatar Charity and Hassan Group. Dailyhunt https://www.theverge.com/users/phalaknaama