Two suspicious bank accounts frozen for terror links: FinMin
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Last Updated: Tuesday, March 16, 2010, 20:12
New Delhi: The government on Tuesday said two suspicious bank accounts were frozen as the details of beneficiaries resembled that of terrorists listed by the United Nations.

"As reported by RBI, two bank accounts have been frozen under the provisions of the Unlawful Activities (Prevention) Act, 1967," Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.

The government, however, did not provide details of persons or outfits whose bank accounts were frozen for suspected terror links.

The decision to freeze the bank accounts follows the inputs received by the Financial Intelligence Unit-India (FIU-IND) about certain suspicious reports, he said, adding "certain details (of accounts matches with those) of terrorists whose names are appearing in UN Consolidated lists and other lists".

Although the matches were partial or incomplete, Meena said, "enhanced due diligence was conducted by FIU-IND and thereafter information was disseminated in appropriate case to relevant law enforcement intelligence agencies."

The available inputs with the government, the Minister further said, indicate the use of banking channels by terrorist, terrorist outfits in India to receive funds from abroad.


First Published: Tuesday, March 16, 2010, 20:12

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