Three persons, including two Kolkata- based traders, were arrested and a bag containing currency notes of several countries allegedly meant for funding terrorists seized here last night, police said on Sunday.
Intelligence sleuths carried out a raid on information that two persons had arrived at Jammu bus stand with a consignment of 'hawala' (laundered) money and arrested Ghulam Ahmed Dar of Pathal Bagh in Pampore, Shabir-ul-din and Ajmail Sheikh (both residents of Kolkata), they said.
They said the consignment "concealed in a bag" contained Riyals (Saudi Arabia), Dinars (Gulf countries), Wons (North Korea), Leus and Rupiahs (Indonesia).
The value of the foreign currency was being assessed and was expected to run into crores in terms of Indian rupees, they said.
The three had been shifted to an interrogation centre to find out names of contacts and those involved in the money laundering racket.
Dar told police on preliminary interrogation that he had come to Jammu to receive the currency from Shabir and Ajmail.
Police said he bought a house in Bantalab area of Jammu and has confessed to being involved in 'hawala' transactions for more than a year.
{{/usCountry}}Police said he bought a house in Bantalab area of Jammu and has confessed to being involved in 'hawala' transactions for more than a year.
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