Posts Tagged ‘Puneet Madaan’

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Money Jihad’s two year anniversary

October 12, 2011

Woo-hoo!  Having completed Money Jihad‘s second year on the web, we’ve made it well past the “experimental” stage.  It’s hard to believe we started out two years ago (with my first, but not last, rant against Treasury dufus David S. Cohen).  Thank you, dear readers, for visiting and sticking with this blog.  Special thanks to the indispensable Shariah Finance Watch and to Puneet for their support.  The top-shelf Religion of Peace, Het Vrije Volk, and Creeping Sharia have sent us lots of readers as well–it has been greatly appreciated.

Money Jihad has also finally taken a flying leap—into social networking—by launching its own Twitter feed (@MoneyJihad).  I tried to keep it a little hush-hush at first, but Creeping Sharia crept onto our feed, and was kind enough to tweet their whopping 12,000 followers about our existence.  Anyway, that got us going with a few dozen followers off the bat, but the more the merrier!  I’m blasting out links to informative, disturbing, and amusing articles that we don’t have the time or space to examine fully here on the main blog.  Come join the fun!

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Troubling links of Kuveyt Turk Bank

November 11, 2010

Kuwait Turk Bank

When German bank regulators allowed Kuveyt Turk Bank to launch sharia banking there last January, that was bad enough.

But now we learn from a write-up by Money Jihad’s friend, Puneet Madaan, that Kuveyt Turk’s shareholders include 1) the nefarious Islamic Development Bank and 2) the Kuwait Finance House, a shareholder of Tadamon Islamic Bank.  Osama Bin Laden has used Tadamon to help disburse terror funds.  For those of you with Facebook accounts, you can access Puneet’s full article here on “Puneet’s Notes.”

(Read previous coverage from Shariah Finance Watch on Islamic banking in Germany here.)

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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:

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