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'Taliban facing financial crisis'

Noting that the Taliban has been driven to desperation around Marjah in southern Afghanistan, a top US general stationed there has said that the terrorist outfit is facing an acute financial crisis.

Updated on: Sep 03, 2010 12:21 PM IST
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Noting that the Taliban has been driven to desperation around Marjah in southern Afghanistan, a top US general stationed there has said that the terrorist outfit is facing an acute financial crisis.

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HT Image

"We have intelligence that indicates to us that he (Taliban) has got a financial crisis on his hands," US Marine Corps Major General Richard Mills said in a video-briefing from the province to the Pentagon press room.

The targeting of the Taliban's opium "treasury" and various steps to undermine the terrorist organisation's opium profits has led to shortage of funds, he said.

As a result, Mills said, based in sensitive intelligence, he believes that local insurgency in the Helmand province has less than one-half of what they had last year in operating funds.

"He (the Taliban) has a cash-flow problem," Mills said, adding that the Taliban does not have the money needed to buy the weapons needed in order to continue conflicts.

"It's difficult for us to judge specifically how much money he has lost. We believe that the local insurgency here within the province has less than one-half of what they had last year in operating funds. We based that on some sensitive intelligence that we're able to work with and some things we've studied," the general said.

 
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Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
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