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Two suspicious bank accounts frozen for terror links: FinMin

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


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

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