Posts Tagged ‘D-Gang’

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Dawood targets the poor for money mule scheme

March 17, 2015

Dawood Ibrahim, the international fugitive, terrorist financier, and underworld kingpin, is reportedly opening bank accounts in India through unsuspecting depositors. Dawood and his “D-Gang” agents are offering money to poor people in rural areas to open new bank accounts under their own names, then turn their ATM cards back over to Dawood’s operatives. Compliance standards at rural banks are considered to be less stringent than big city bank standards. This suggests that the rural banks are not as likely to file suspicious activity reports with India’s financial regulatory authority. D-Gang has managed to launder 59,000 crore Indian rupees (940 million USD) through such schemes.

From OneIndia News on Mar. 16 (h/t Arun):

…How is the money deposited in banks:

The Enforcement Directorate which has been probing a series of such cases has found that most of the money is parked in the nationalized banks.

Out of the 1600 branches in which the money has been parked, 900 branches belong to the nationalized banks, an ED official informed Oneindia.

The money which is earned through various illegal means such as drug and arms trade and even lottery scams are parked directly into the nationalized banks by agents of the underworld.

These agents never open accounts in their own name. They target people who are in need of money and ask them to deposit the money into their accounts.

It has been found during the investigation that persons in need of money are asked to first open accounts and they are paid a sum for the same.

They are then given money and asked to deposit the same. For every transaction of Rs 100,000, the original account holder is paid a sum of Rs 5,000.

The ATM cards are handed over to the agents who use it to draw the money when ever they like…

“Whenever they like” meaning for whatever purpose or plot Dawood intends.

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U.S. takes aim at Dawood Ibrahim’s brother

February 3, 2015

New sanctions have been slapped against underworld crime boss and terrorist mastermind Dawood Ibrahim’s network by U.S. Treasury Department. One of the targets of the sanctions is Dawood’s brother Anees, who has at various times been erroneously reported as dead. Dawood was the mastermind and financier of the 1993 Mumbai bombings that killed 257 people. The expansion of sanctions against his gang speaks to an improving diplomatic relationship between the U.S. and India, and to a souring relationship with Pakistan where Dawood is currently being sheltered.

Here are the details from Treasury:

Treasury Sanctions Two Indian Nationals and a Company Based in Pakistan for Ties to the South Asian Criminal Network ‘D Company’

1/16/2015

Action Targets Long-Time Members of D Company and a Paper Mill Controlled by One of the Designated Individuals

WASHINGTON – The U.S. Department of the Treasury today announced the designation of two Indian nationals and one entity in Pakistan as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) due to their ties to D Company, a South Asian criminal organization led by Dawood Ibrahim.  As a result of today’s action, all assets of those designated that are based in the United States or are in the control of U.S. persons are frozen, and U.S. persons are generally prohibited from engaging in transactions with them.

D Company is a transnational crime syndicate that principally operates in India, Pakistan, and the United Arab Emirates.  D Company is involved in a variety of criminal activities, including narcotics trafficking, extortion, smuggling, and contract killings.  Dawood Ibrahim and other leaders of D Company are the subjects of INTERPOL Red Notices for their suspected involvement in the 1993 terrorist bombings in Mumbai, India in which 257 people were killed.  In October 2003, the Treasury Department named Dawood Ibrahim as a Specially Designated Global Terrorist, and in June 2006, the United States named both Dawood Ibrahim and D Company as Significant Foreign Narcotics Traffickers pursuant to the Kingpin Act.  Additionally, in May 2012, Treasury designated two senior D Company lieutenants, Chhota Shakeel and Ibrahim “Tiger” Memon, under the Kingpin Act.

“Today, the United States is targeting D Company, a violent organization notorious for its drug trafficking activities and terrorism,” said Adam J. Szubin, Director of the Office of Foreign Assets Control.  “Combatting transnational organized crime is a top U.S. priority, and we will continue to expose the activities of D Company and the underpinnings of criminal financial networks worldwide.”

Today’s action targets two long-time members of D Company, Shaikh Anis Ibrahim Kaskar (Anis Ibrahim), the brother of Dawood Ibrahim, and Aziz Moosa Bilakhia (Bilakhia), both Indian nationals.  Anis Ibrahim is known to be involved in narcotics trafficking, extortion, contract killings, and money laundering on behalf of D Company.  Anis Ibrahim is also accused of involvement in the 1993 Mumbai blasts.  Today’s action also targets Mehran Paper Mill, a Kotri City, Pakistan-based paper company owned or controlled by Anis Ibrahim.

Bilakhia works directly for Anis and Dawood Ibrahim and manages extortion, enforcement, and debt collection activities for D Company.  Bilakhia has been involved with D Company since at least the 1993 Mumbai bombings, for which he is wanted by Indian authorities…

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Boko Haram targets India for drug dealing income

January 16, 2015

The jihadist group Boko Haram killed up to 2,000 people in northeastern Nigeria last week. The operation would have cost Boko Haram a great deal of money in terms of arming and paying wages to their fighters. Boko Haram is known previously to have sustained itself through jizya, robberies, military depot raids, zakat from supporters, arms trafficking, and drug smuggling through West Africa.

But a new vector for Boko Haram’s drug racket may be emerging in India. Fugitive terrorist and underworld kingpin Dawood Ibrahim, who is currently being given safe haven in Pakistan, is facilitating Boko Haram’s entry into the illegal drug racket in South Asia according to news outlets there. Times Now reported last fall that the Pakistani spy agency ISI arranged for a meeting between Dawood’s brother, Anees Ibrahim, and Boko Haram leader Abubakar Shekau, which has already started yielding profits for Dawood’s “D-Gang” and Boko Haram. Roll tape:

Nigerian drug dealers are especially active in Goa and Mumbai.

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Terrorist mafia don lives like a king in Karachi

May 25, 2014

After bombing his hometown of Mumbai in the 1990s, Dawood Ibrahim became unwelcome in India and fled to Karachi, Pakistani, where he has maintained a lifestyle of the rich and famous. HindiNest.com is featuring an informative article (h/t @1389) about Dawood, who is protected by active and retired members of Pakistan’s intelligence community. He has extensive operations in Dubai but can’t stay there because the UAE has an extradition treaty with India. An excerpt follows:

…Ibrahim lives like a king. Home is a palatial house spread over 6,000 square yds, boasting a pool, tennis courts, snooker room and a private, hi-tech gym. He wears designer clothes, drives top of the line Mercedes’ and luxurious four-wheel drives, sports a half-a-million rupee Patek Phillipe wristwatch, and showers money on starlets and prostitutes. He bought Lahore model, Saba, with whom he reportedly had a passionate involvement, a house and a car. Nor does he shirk his obligations: Mandakini, of Ram Teri Ganga Maili fame, former Bollywood actress with whom he had a child is reportedly still being supported by him.

His daily regimen is also rather kingly. He wakes in the afternoon. After a swim and shower, he has breakfast. In the late afternoon, he gives his employees an audience where he briefs them on their assignments and they give him daily reports of his myriad businesses.

If in the mood, he engages in a game of cricket or snooker with friends. And as the sun sets, Dawood and his party set off for any one of his ‘safe houses’ in Karachi for an evening of revelry – usually comprising drinks (Black Label is his preference), mujras and gambling. The long-married Dawood’s passion for women has made him a favoured client for local pimps. His current liaison notwithstanding, he whets his allegedly large sexual appetite with a variety of women.

“He prefers virgins, preferably young girls. And he is a good paymaster. If the market rate for a woman is 10,000 rupees, Dawood pays 100,000 rupees. He is thus always surrounded by Pakistan’s top call girls,” discloses one of his family friends.

Carousing through the night, Dawood and his companions quit only at dawn and collectively offer fajr prayers. This has been Dawood Ibrahim’s routine for several years.

From petty street urchin to don of the Mumbai underworld, Dawood’s life makes for a fascinating story.
Dawood seems to have realised early in life that crime paid. His petty exploits sometimes landed him in trouble, but his father’s position as a policeman saved him from being apprehended on several occasions. Soon the Mumbai underworld started taking note of him.

Initially operating independently, Dawood formed his own gang, which grew into a mega crime network over the years. Both Hindus and Muslims worked for him, pursuing his by now multiple business interests, which included drugs, mediating in business disputes, evicting tenants from old buildings and clearing land for purposes of construction.

Ibrahim’s interests soon led him to Bollywood where he became a major film financier. At his lavish parties, there was never a shortage of the mega stars of the day. “They wouldn’t dare refuse an invitation,” says a friend, who maintains that those who opted out on account of shooting schedules would suddenly find their dates had been cancelled or postponed.

Growing Hindu-Muslim tension, fuelled by other underworld dons, which climaxed after the Babri mosque demolition, changed everything. The ensuing blasts in Mumbai, and the communal riots triggered by the underworld itself, caused the Dawood Ibrahim gang to splinter. One of his top lieutenants, Chota Rajan, often described by Ibrahim as one of his ‘nauratans,’ (nine jewels) defected and formed his own group consisting mainly of Hindu boys. Thereafter, Ibrahim was accused of masterminding the blasts, even though he was out of town at the time. He could never return to India. Dubai, which might have been a natural alternative residence, was ruled out because of an Interpol alert for Dawood’s arrest – the UAE and India have an extradition treaty.

Thus Dawood fled to Pakistan, managing also to subsequently smuggle his family, comprising his wife, four daughters and a son, and certain close associates and their families out of Mumbai. (One daughter, 12, subsequently died of malaria and is buried in Pakistan). Today they are all Pakistani passport holders.

For the Muslims of Mumbai, Dawood’s role in the blasts makes him a hero. “You cannot imagine the behaviour of the Hindus towards us before the blasts. They would hurl insults at our veiled women, ridicule us and mock our beards. The blasts changed everything. Now they cannot underestimate our strength; they are afraid of us,” said a shopkeeper from Dawood Ibrahim’s old mohalla on Mohammad Ali Road, a largely Muslim neighbourhood, whose residents shun the press and fiercely guard their privacy.
In Pakistan meanwhile, Dawood managed to establish another huge empire, comprising both legitimate and illegitimate businesses. In fact, the last few years have witnessed Dawood emerge as the don of Karachi.

Dawood and his men have made heavy investments in prime properties in Karachi and Islamabad, and are major players in the Karachi bourse and in the parallel credit system business – hundi. Dawood is also said to have rescued Pakistan’s Central Bank which was in crisis at one point, by providing a huge dollar loan. His businesses include gold and drug smuggling. The gang is also allegedly heavily involved in match-fixing. Dawood’s influence among the Pakistani cricket players is so well known that a senior Pakistan cricket official met Dawood to get the names of those Pakistani cricketers involved in betting.
Some of the Pakistani cricket players admit that at one time or another, they have sought Dawood’s help, financial or otherwise. Javed Miandad is allegedly very close to Dawood Ibrahim, and his recent stint in cricket, despite the opposition from other players, was reportedly at Dawood’s behest.
Dawood’s sphere of influence has also encompassed the business community, with businessmen increasingly approaching Dawood to settle their financial disputes with other businessmen or for financial bailouts. Some former MQM militants are apparently also working for Dawood as trouble-shooters. However, Dawood’s growing influence has irked Karachi’s powerful ethnic group, the mohajirs, who feel Dawood is trespassing on their domain as more and more people are now looking to Dawood to sort out their problems. “Earlier, whether it was a case of financial dispute or the construction or regularisation of an illegal building, people came to us for help. Now all of them are going to Dawood,” remarked a former leader of Altaf Hussain’s MQM.

Dawood’s business activities are not confined to the subcontinent. His network extends to several countries of the African continent, and to Malaysia, Singapore, Thailand, Sri Lanka, Nepal, Dubai, Germany, France and UK. His net worth has been estimated at close to 30 billion rupees.
Meanwhile, not only have the Pakistani authorities turned a blind eye to the gang’s activities within Pakistan, but many in the corridors of power have partaken of Dawood’s hospitality. Dawood often throws lavish mujras for Pakistani politicians and bureaucrats. A recent guest was a former caretaker Prime Minister.

These are not the only members of the establishment who have close ties with Dawood. He is said to have the protection of assorted intelligence agencies. In fact, Dawood and his men move around the city guarded by heavy escorts of armed men in civvies believed to be personnel of a top Pakistani security agency.

A number of government undercover agents, who came into contact with Dawood because of their official duties, are now, in fact, working for him. “A major serves him a glass of water. Nearly all the men who surround him for security reasons are either retired or serving officers,”claims an MQM activist…

Although this article describes Dawood’s net worth as 30 billion rupees (500 million USD), others sources have put it as high as $20 billion.  And although this piece describes his presence in Karachi, Dawood Ibrahim may have recently relocated to a different city in Pakistan–Money Jihad will post more on that tomorrow.

The whole article is well worth reading at http://www.hindinest.com/srajan/02948.htm. It gives a lot of insights into Dawood’s operations and the factionalism among his loyalists.

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Revealed: Pakistan shelters terror finance mogul

September 1, 2013

Dawood Ibrahim, the international gangster and bankroller of terrorism, has been given sanctuary by Pakistan’s spy agency, the ISI, in exchange for his commitment to spend 30 percent of his income on jihadist operations.

This confession comes from Abdul Karim Tunda, a detained Lashkar-e-Taiba terrorist and Dawood associate.  Tunda also disclosed three of Dawood’s addresses in Pakistan—two in Karachi and one in Islamabad, showing that Pakistan has provided cover for Dawood in the same manner that it did for Osama bin Laden.

Watch it all from India’s “Headlines Today”:

Pakistan is happy to take foreign aid money from the U.S. at the same time it accepts a share of underworld revenues to wage jihad in Kashmir and Afghanistan.  Time to withhold the foreign aid, no?

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Bookies and athletes named in terrorism-linked gambling ring

June 10, 2013
Spot-fixing scandal update

Cricket bowler and defendant S. Sreesanth

In what is being called a “sensational twist,” three cricket players including former Rajasthan Royal bowler Shanthakumaran Sreesanth have been charged in a match fixing conspiracy reporting to Dawood Ibrahim, the international terror financier and mastermind of the 1993 Mumbai bombings that killed hundreds of civilians.  The direct ties between the athletes and Dawood were previously unknown.

Rediff News notes that, Dawood was “No. 3 on the Forbes’ World’s Top 10 most dreaded criminals list of 2011.”  Seventeen other cricketers have been arrested, although their ties Dawood are less clear at this point.  Sreesanth and his conspirators will be prosecuted under India’s laws against organized crime.

IPL spot-fixing: Dawood, Chhota Shakeel are suspects, say sources

CNN-IBN | Updated Jun 04

New Delhi: Sources in the Delhi Police on Tuesday said that underworld don Dawood Ibrahim and his close aide Chhota Shakeel are suspects in the IPL spot-fixing case.

In a sensational twist to the scandal, Delhi Police said that Sreesanth and two players were acting at the “command” of the underworld don and his aide, among India’s most wanted, as it invoked the stringent MCOCA against 23 accused in the case.

Police claimed it has “concrete” evidence like intercepted telephonic conversations to link Sreesanth and some others with D-company.

Under MCOCA, the accused face a maximum sentence of life imprisonment along with fine of Rs five lakh. Police’s disclosure came in a court which extended till June 18 the judicial custody of Sreesanth and 22 others against whom Maharasthra Control of Organised Crime Act (MCOCA) was invoked. A total of 26 people have been arrested by Delhi Police since May 16 in the case.

“Since the accused persons were acting on command of people based abroad like Dawood Ibrahim Kaskar and Chhota Shakeel who have a continuous past record of organised crimes, provisions of MCOCA have been invoked against the accused,” police told Additional Sessions Judge Sanjiv Jain.

The court, in its order, referred to the approval granted by Joint Commissioner of Police Special Cell for invoking section 3 and 4 of MCOCA and also a report citing reasons for the same.

“It has been stated that the approval for invoking MCOCA has been accorded by Joint CP (Special Cell) on the premise that the arrested persons/accused through extensive use of electronic and via media were in communication with each other and with their other associates, who are still absconding, including those associates who are based abroad.

“The illegal organised betting syndicate in India is being controlled by persons based abroad”…

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Dawood henchman oversees illicit sports betting

May 28, 2013

Authorities add spot fixing to list of crimes by international terror financier

The current sports gambling scandal in India over fixed cricket matches may trace back to international terror financier Dawood Ibrahim and his D-Gang syndicate, according to sources in the Delhi police department.

Sunil Dubai, a Dawood lieutenant and bookie kingpin, oversees the spot fixing from Dubai in the United Arab Emirates, but travels frequently to Karachi, Pakistan, and has family in London.

Dawood Ibrahim was the mastermind and financier of the 1993 Mumbai bombings that killed 257 people.

From the sports pages of the Times of India:

Spot-fixing in IPL: Dawood’s man in Dubai mastermind of betting racket

C Unnikrishnan & Raj Shekhar, TNN May 17, 2013

MUMBAI/NEW DELHI: The mastermind of the cricket betting syndicate is said to be a Dubai-based Dawood Ibrahim man named Sunil Ramchandani alias Sunil Dubai while the principal bookie referred to as ‘Jupiter’ in phone intercepts is a person called Chandresh. He is reportedly close to several politicians, builders and police officers.

“The hawala route in the payout of money indicates links to Dawood gang,” said a Delhi Police officer, who spoke on condition of anonymity. “The increase in the seizure of ‘dabba phones’ – phones on which betting rates are taken from Dubai – in recent days from betting syndicates seem to confirm that Dawood’s men control much of this cash-spinning industry running into thousands of crores.”

While Delhi Police commissioner Neeraj Kumar didn’t elaborate on the Dubai-Karachi connection, terming the link as that of the ‘Mumbai underworld’ whose kingpin lives abroad, sources in the special cell said that a team was probing Dawood’s connection with the bookies and joining the dots using tip-offs gathered.

“We’re trying to figure out whether the Dubai number used by the bookie kingpin actually originated in Dubai or somewhere else. The wires of this operation extend to Karachi, Dubai, Jaipur, Kolkata and Ahmedabad,” said a Delhi cop, adding that the teams are in most of these places for further investigations.

Intelligence sources said Sunil Dubai started his operations in Mumbai about 20 years ago before shifting base to Dubai. “He used to shuttle between Dubai and Mumbai to coordinate operations till a few years ago,” said a senior Mumbai police officer. Mumbai police issued a look-out notice after his name cropped up in betting cases involving a number of bookies. From Dubai, Sunil applied for anticipatory bail in a Mumbai court, but his plea was rejected last month.

Sunil took over the betting business after Sharad Shetty, also a Dawood man, was assassinated by rival gangster Chhota Rajan’s men in Dubai 10 years ago. Sunil’s family is believed to be in London. He frequently travels to Karachi, where Dawood and his right hand man Chhota Shakeel are based. Sources in the police said he heads a business worth over Rs 500 crore spread across Mumbai, Delhi, Dubai and Karachi.

It is learnt that a few years ago, he bought most of an apartment building near Mantralaya, the Maharashtra government headquarters.

“The five-storey building was initially occupied by Indian Navy officials. He bought most of the flats except one owned by the state government. He is trying to capture that too. He intends to redevelop it once he manages to buy the last flat,” said a person with knowledge of the deal.

Several Mumbai bookies owe their allegiance to him. “He decides the betting rate and the others follow it. Cricket fixing cannot happen without his go-ahead,” said sources.

As for Jupiter/Chandresh, sources said he shifted his base to Delhi some time ago after Mumbai police began cracking down on bookies. He had operated from Mumbai along with Ahmedabad-based Naresh Majethia for close to 15 years ago. The police are said to be gathering more information on Chandresh’s operations here.

It all began with the interception of calls between Dubai and Karachi that had alarmed the special cell who mistook them first as “coded exchange between terrorists”. But, further interceptions led to the unraveling of connections between IPL players and bookies.

The cops will now question Ramesh Vyas, a bookie arrested by the Mumbai police on Tuesday, who was the link between Indian and Pakistani ‘bookies’ and had exchanged around 30 calls to Pakistan, an officer said.

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Mujahideen paid by D-Gang’s hawala

May 17, 2013

The Indian Mujahideen finance their jihadist operations with money distributed through terror mogul Dawood Ibrahim’s illegal hawala network.  While it has long been known that Dawood Ibrahim is a bankroller for terrorism, his specific ties to the Indian Mujahideen are what makes this article from the Hindustan Times newsworthy:

Is Dawood funding Indian terror?

Presley Thomas     Mumbai, May 03, 2013

Dawood Ibrahim, the man who maimed Mumbai on March 12, 1993, has emerged as the face behind homegrown terrorist outfit Indian Mujahideen (IM). Dawood and his intricate network of bogus hawala firms, spread across the country, have been covertly financing IM’s network in India, said sources in the central agencies and counter-terrorism units investigating blast cases across the country.

The Financial Action Task Force (FATF) has been informed of Dawood’s alleged extensive hawala network in the Middle East and South Asian countries. A detailed probe by the Anti-Money Laundering / Suspicious Cases Unit (AMLU) is underway in the Middle East, sources said.

The involvement of Dawood’s  gang, the D-Company, in financing terror through his network of hawala firms was unearthed during investigations into the July 13, 2011 blasts in Mumbai, (where the IM was allegedly involved) said sources in central agencies and counter-terrorism units. Many key players in the attacks are suspected to have links with Dawood.

A sum of Rs. 10 lakh had been sent by alleged hawala operator Muzzafar Kola to IM kingpin Yasin Bhatkal through Delhi-based Kanwar Nain Pathrija, police sources said. The investigating agencies then suspected the involvement of the D-Company and intercepted telephone conversations from across the border showed directions being given to certain people, along with details of the money flow and transfers through hawala transactions. Kola, sources said, was a Mustafa Dossa man who later became a Dawood associate.

These reports led agencies to believe that Bhatkal, a Fazal-ur-Rehman gang member who now heads the IM, was working closely with Dawood and his company…

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Rivers of fake money flow into India

April 19, 2013

A flood of counterfeit notes from Dubai, Pakistan, Jammu and Kashmir, Nepal, Bangladesh, and to some extent from Sri Lanka have left Indians swimming in a pool of devalued rupees.

http://i.dailymail.co.uk/i/pix/2013/02/12/article-2277688-178A6F62000005DC-489_634x445.jpg

The fake Indian currency note crisis is benefiting terrorist organizations such as Hizbul Mujahideen and Dawood Ibrahim’s D-Gang with backing from the Pakistani ISI spy service.  Profits from counterfeiting help militants buy weapons.

http://indiatoday.intoday.in/story/made-in-pakistan-fake-money-floods-india/1/123103.html

There seems to be a new story from Indian media every two weeks or so documenting the surging problem.  Here’s the latest from the Times of India, which illustrates both the J&K and Bangladeshi points of ingress for bogus bills, and the jihadist beneficiaries:

NIA files charges against 3 for raising terror funds for Hizbul Mujahideen

TNN Apr 12, 2013

NEW DELHI: The National Investigation Agency (NIA) has filed charge sheet against three more persons, including a Bangladeshi national, for allegedly raising terror fund for the banned outfit Hizbul Mujahideen (HM) through circulation of fake Indian currency notes (FICN) in Jammu & Kashmir.

The charge sheet against the three accused Badal Sheikh and Fayaz Ahmed (both Indians) and Shafiq-ul (Bangladeshi) was filed in the NIA Special Court in Jammu under various sections of the Ranbir Penal Code and the central anti-terror Act on Wednesday.

The Court subsequently issued a non-bailable warrant against absconding Shafiq-ul who was key point person of the Indian accused for supplying FICN through a trans-border cattle smuggler – Badal Sheikh — of West Bengal’s Malda district.

Earlier, the probe agency had filed charge sheet against five persons in the case, alleging that the accused used to procure and supply high quality FICN from Bangladesh and smuggle it into Jammu & Kashmir for raising funds for the terror group.

The five who were charge sheeted earlier include two HM members – Mubarak Ahmed Bhat and Shafaqat Mohiudding Kuchey – and Badal Sheikh.

The NIA in its charge sheet claimed that HM operatives had first contacted Badal who, in turn, approached the Bangladeshi national for procurement of FICN.

“Fayaz Ahmed Rather – a notorious FICN smuggler – started getting high quality fake Indian currency notes from Malda and circulate it in Jammu & Kashmir,” said the NIA.

It’s interesting to note the cattle rustling connection in this story.  The black market in cows, which are revered and illegal to export from India, is a growing area for illicit trade along the border of India and Bangladesh.

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The fat cats of terror

November 21, 2012

Overlooked this one!  BusinessPundit.com ran an interesting piece last year entitled, “10 Richest Terrorists Ever.”

Notable entries include Dawood Ibrahim in second place:  “India’s most wanted man and a prominent figure in international organized crime and money laundering, Dawood Ibrahim is suspected of masterminding the 1993 Bombay bombings and involvement in the 2008 Mumbai attacks.”

In fifth place, the deceased PLO chairman Yasser Arafat, who “earned” his wealth and a place on the list through graft, corruption, and bribes, and which Daniel Pipes reported on as early as 1990.

Osama Bin Laden appears somewhat lower on the list than expected at number seven.

And, somewhat surprisingly making the list at all at #10, Umar Farouk Abdulmutallab, the failed “underwear bomber” of Flight 253 rounds out the group as the son of a wealthy sharia bank executive.

Now for who didn’t make the list.  U.S. intelligence estimates that Hezbollah leader Hassan Nasrallah’s net worth is $250 million obtained through corruption, which would have placed him at number six on BusinessPundit’s list if he had been included.

Munich Olympic terrorist mastermind Ali Hassan Salameh led a 1976 PLO bank robbery of $210 million in today’s money.  How much of that he was able to keep for himself is unknown.

It probably wouldn’t have put him on the list even if it’s true, but the ascetic Taliban leader Mullah Omar was said to have stuffed £3.5 million in flour sacks immediately prior to fleeing U.S. forces in Afghanistan.

And let’s not even get started on the billionaire and multi-millionaire Saudi bank magnates that have been accused, with ample evidence supporting the allegations, of financing terrorism.

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Counterfeiting in India at crisis levels

November 9, 2010

Counterfeiting by Islamist groups has become widespread in South Asia.  It’s only kaffir paper currency.  Might as well steal, copy, and decimate it.  (See here, here, and here for semi-related coverage.)

Puneet Madaan sends in the latest on the counterfeiting saga from a Rediff article entitled “Fake money worth Rs 120,000,000,000,000 in India” on Oct. 26:

Even as the government of India speaks of taking preventive measures to curb the menace of fake currency, statistics show there is nearly Rs 12,00,000 crore worth of fake currency still in circulation in India.

While India managed to seal the fake currency’s Pakistan and Nepal route into India to a large extent, Inter Services Intelligence-sponsored operatives have furthered their activities by shifting base to Thailand.

These elements have been pumping in fake currency into the Indian market with help of operatives of the Dawood gang who have a strong base in Thailand.

The key player in this racket today is Aftab Bhakti, a D Gang operative who reports directly to Major Ali and Arshad Khan, both top ranking ISI officers.

Bhakti grew in stature, as he had been operating out of Thailand for nearly a decade. During his earlier stint, he coordinated with the mafia in Thailand on behalf of the D-gang. They were primarily into smuggling of drugs.

The D gang’s network is very deep-rooted in Thailand and there was already an existing route between this country and Bangladesh through which drugs were being smuggled.

Moreover, as this particular route was not on the radar of the Indian agencies, the ISI thought it would be best to use this route to transport fake currency as well.

Earlier, all notes were being printed in Pakistan and then transported into India through Nepal. However, the scenario changed post the November 26 attacks on Mumbai, which prompted the ISI to rethink its strategy.

In the current scenario, the notes are being printed in Thailand and then local operatives pump it in to India via Bangladesh.

Intelligence Bureau officials told rediff.com that they have shared information to this effect with the Central Bureau of Investigation, which is looking into this case in India…

Puneet also forwarded an email he received from India along with the article.  The correspondent wrote:

Read the rest of this entry ?