NIA registers 'preliminary inquiry' into J-K bank accounts showing huge transactions

The National Investigation Agency (NIA) on Wednesday said certain bank accounts in Jammu and Kashmir have seen huge transaction of funds in the last few months despite the fact that these accounts are in names of persons, whose income doesn't warrant such banking transactions.

"To verify the details and to ascertain the end users of the flow of funds, said NIA, "it has registered 'Preliminary Inquiry' into the subject and would submit its findings to MHA in due course."

NIA Inspector General (IG) Sanjeev Kumar Singh, in a statement issued here, said: "Based on technical inputs, information has been collected that certain bank accounts in Jammu and Kashmir have seen huge inflow and outflow of funds in the last few months."

"These accounts are in names of persons, whose income doesn't warrant such banking transactions," he added.

The NIA IG said, "Similarly, information also indicates flow of funds into and disbursement there from in bank accounts of some persons of interest in Jammu and Kashmir.