Lashkar annual budget is $5 mn: US intelligence
Lashkar-e-Taiba, the Pakistan based terror outfit blamed for Mumbai massacre raises an annual operation budget of a whopping $5.2 million (R23 cr) according to US intelligence estimates, with most of it coming from private funds raised by its parent organisation JuD’s charitable networks.world Updated: Dec 07, 2010 00:53 IST
Lashkar-e-Taiba, the Pakistan based terror outfit blamed for Mumbai massacre raises an annual operation budget of a whopping $5.2 million (R23 cr) according to US intelligence estimates, with most of it coming from private funds raised by its parent organisation JuD’s charitable networks.
Funds are raised through a variety of sources mainly from private donations, NGOs, madrassas and business spread all over South Asia, Middle East and Europe, a non-paper prepared by the US intelligence says.
The information in the non-paper was shared with the Pakistan Government in August 2009 at the direction of Secretary of State Hillary Clinton, leaked US diplomatic cables have revealed.
The new reports of funding of terror outfits like LeT come as WikiLeaks quoting diplomatic documents said Saudi Arabia was the key source for funding of radical Islamist groups including LeT, Al Qaeda, Taliban and Hamas. Other states like Qatar, Kuwait and UAE were reported to be lax in pursuing wealthy Sheiks who contributed money to these groups.
Hafiz Saeed heads both Lashkar & Jaish
Contrary to denials, leaked US cables say that Hafiz Saeed continues to lead both the Lashkar-e-Taiba (LeT) and its front organisation Jamaat-ud-Dawa and that some of the funds collected for charity have been used for planning terror attacks.
The leaks said that US intelligence assesses that Saeed and operations chief Zaki-ur-Rehman Lakhvi continued to run the organisation despite being detained for their 26/11 role.
The non-paper was used by Clinton to convey to Pakistan her decision to oppose de-listing of JuD and its leader from the UN sanctions’ list.
First Published: Dec 07, 2010 00:51 IST