Govt may crack down on foreign exchange bureaux
Amid intelligence inputs that militant groups were getting money in small amount through at part-time foreign exchange bureaux, Government was now planning to carry out a crack down and streamline the money arriving in the country from overseas.
The move comes close on the heels of objections raised by the security agencies over the mushrooming of foreign exchange bureaux at every nook and corner, to which Reserve Bank of India officials expressed their ignorance.
At a recent meeting between security agencies, the finance ministry and officials of the Reserve Bank of India, law enforcement and security agencies raised serious concerns at the mushrooming of money transfer agencies, especially an international money transfer company which has its agents in almost every street, official sources said.
RBI officials informed the meeting that permission had been given to the company to have agents and sub-agents like banks, post offices and important financial institutions.
However, they were unable to give an explanation when questions were raised about the appointment of "sub-sub agents" like grocery shop-owners and travel agents. The security agencies expressed fears that such outlets were being used by militants for money transfers involving small amounts, the sources said.
This prompted the RBI to issue guidelines to every bank seeking an up-to-date list of all offices and branches, which were authorised to transact foreign exchange business and details of any change in categorisation of its branches dealing in foreign exchange.
Nationalist Congress Party leaders Anil Deshmukh and Nawab Malik and Sena leader Sanjay Raut, who have been arrested in money laundering cases by the Enforcement Directorate, are now lodged in Arthur Road Jail in three different barracks. Malik, who was arrested in February in a money laundering case, is currently admitted to the Criti Care Hospital in Kurla for treatment. He is admitted to a private hospital for the last two months.
The Jammu and Kashmir government on Saturday terminated four employees from service, including the son of Hizbul Mujahideen chief Syed Salahuddin and wife of former militant Bitta Karate - amid probe over terror links, officials said on Saturday. Dr Muheet Ahmad Bhat, and Majid Hussain Qadiri - both of them linked to the University of Kashmir - are the two others employees who have been sacked.
Suspected militants targeted paramilitary CRPF with a grenade in Srinagar on Saturday, just a day ahead of Independence Day. A CRPF personnel was injured in the attack in the Old City, Eidgah. Srinagar police said that the CRPF personnel received minor injuries in the attack. Local reports said that the grenade was lobbed towards a CRPF bunker in Eidgah in which a sub-inspector of the CRPF was wounded.
Jammu and Kashmir Lt Governor Manoj Sinha on Saturday said that within a year government will push the last nail in the coffin of terrorism. Sinha today laid the foundation stone of 25 District Development Council and Block Development Council buildings in J&K, besides inaugurating 1000 Amrit Sarovars across J&K UT, in a function at SKICC, Srinagar.
IAS officer Shah Faesal who had resigned from his job and reinstated in April has been posted as deputy secretary in the Union Ministry of Tourism. He was detained at the Delhi airport on August 4, 2019, a day before Parliament pushed through constitutional changes, revoking Article 370 and 35A that granted special status to Jammu and Kashmir and bifurcating the erstwhile state into two Union Territories of J&K and Ladakh.