Mumbai: bank robberies and bitcoin fund terrorApril 16, 2013
The Indian Mujahideen have been using bank robberies to finance their activities according to a former high-ranking law enforcement official. D. Sivanandhan is also concerned about bitcoin’s role in funding militants, but it should be noted that no evidence or data are included in this news report:
Banks looted to finance terrorism: Security expert
Mumbai, April 11 (IANS) Bit coin and crypto currencies are becoming major avenues for money laundering and terror groups often rob banks for funding terrorist acts, a top security expert said.
“Investigations have revealed that the hijackers of the Indian Airlines IC-814 had looted a bank three months before the (Kandahar) hijack, which helped them finance the entire terror operations,” said former Maharashtra director general of police and security expert D. Sivanandhan.
Similarly, the terror outfit Indian Mujahideen has also been allegedly involved in several bank robberies to finance its operations, Sivanandhan said at a conference — ‘Leveraging Innovative Security Solutions for Banks and Financial Institutions’ — that concluded here late Wednesday…