Banned jihadi groups get their money-trains back online: Report

Published: February 4, 2012
Affiliates of banned groups have been opening accounts under pseudonyms.  PHOTO: AFP/FILE

Affiliates of banned groups have been opening accounts under pseudonyms. PHOTO: AFP/FILE

Banned jihadi groups have seen a revival after affiliates have started opening local and foreign currency accounts to restart their money-trains, the BBC Urdu reported on Friday.

BBC Urdu reported that it had managed to obtain a list from intelligence agencies of jihadi groups, which have been banned by Pakistan, have been opening new accounts under pseudonyms to receive funds from local as well as foreign sources.

According to the report, intelligence agencies have been monitoring Jihadi groups, as blacklisted by the Government of Pakistan.

According to the report, the funds have been traced to some groups involved in terrorist activities. They also include groups which appear to work for social welfare. However, due to their links with extremist groups, they too are being blacklisted.

Intelligence agencies have expressed their fear that following the reopening of their cash lines, these extremist groups are once again gathering momentum.

Interior Ministry sources, the BBC Urdu reported, said that as per reports from intelligence agencies, seven banned groups have been opening accounts in different banks.

The groups include Jaish-e-Mohammad, Tehreek-i-Islami, Millat-e-Islamia Pakistan, Ghazi force, Hizbut Tahrir, Jamiatul Furqan, and Khairunissa International Trust.

The reports claimed that people linked to these groups were using local and foreign currency accounts.

Those helping the banned groups include people who had been assisting the groups in receiving and transporting funds in the past.

After reviewing the reports, Federal Interior Ministry has alerted banking circles of federal investigative agencies and related authorities to collect details of such accounts from different banks, especially those with large transactions, and with foreign currencies.

Pakistan has frozen accounts of 24 banned groups, including the seven named by intelligence agencies in the leaked report.

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Reader Comments (7)

  • Mohammad Ali Siddiqui
    Feb 4, 2012 - 1:02AM

    It is the duty of the Bank Manager to thoroughly investigate the credentials of their clients before opening a bank account.

    The main issue is that the Bank Mangers are pressurized by their higher ups to bring more money into the Bank Branch therefore the Bank Manager does not bother to investigate opening of a new back account from different angles.

    The best course of action would be that before opening a suspicious bank account, the Bank Manager should take the help of NADRA to check if the organization or the person who is opening a bank account was not already blacklisted.

    It is the duty of the Ministry of Interior to update information to all NADRA offices operating in the cities so that such a practice should come to a complete halt.

    Even if such suspicious bank accounts are in operation, the government is at its liberty to seize the bank accounts after verification that it is a dubious bank account.


  • Feb 4, 2012 - 1:07AM

    No need to fear, these are not terrorist organizations


  • Hedgefunder
    Feb 4, 2012 - 1:32AM

    So what’s new ? They have been doing this without hinderance, due to the duplicity of the players in power in Pakistan, for last decade without problems !!!!
    Nothing new here ! I am surprise that ET has actually considered this as an Newsworthy, as others may not haveand never will !


  • Roflcopter
    Feb 4, 2012 - 3:30AM

    I don’t know about others but why is Hizbut Tahrir banned?


  • Dr.A.K.Tewari
    Feb 4, 2012 - 8:08PM

    All foteign funding should be scruitinized .


  • Feb 5, 2012 - 7:49AM

    Having spent a lifetime of travelling and meeting people in government, intelligence, arms, oil, banking etc, I realised long ago that what is said in the news about evil groups is often not the full story. Certainly some are, but often fictional enemy are created for some hidden agenda. I suggested to a good friend some years ago that we should make a documentary called ” In Search of Al Qaeda” that mystery organisation that grew from fiction writers in DC. Sadly the greatest evil this world has to deal with is the perpetual cycle of arms sales, bribes to politicians and military figures etc.


  • Pollack
    Feb 6, 2012 - 8:50PM

    @Christopher Wingate: “Wingate”, sure. Osama is fiction too and the 911 attack were fiction too and so is the Mumbai attack or the attack on the Pakistan army GHQ. terrorists don’t exist in this world. You live in a strange world where reality is banned and delusions are welcome.


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