You are here: Home » Current Affairs » News » National
Business Standard

Pakistan bars 26/11 brain Hafiz Saeed's Jamaat-ud-Dawa from raising funds

The JuD is believed to be the front organisation for the LeT which is responsible for carrying out the Mumbai attack

Press Trust of India  |  Islamabad 

Hafiz Saeed
Hafiz Saeed Photo: Twitter

Pakistan's financial regulatory body on Monday banned Mumbai attack mastermind Hafiz Saeed-led and from collecting donations, according to a media report.

The Securities and Exchange Commission of (SECP) prohibited the collection of donations by the JuD, the front organisation of banned outfit Lashkar-e-Taiba, as well as several other such organisations named in a list of banned outfits by the UN Security Council, the Dawn reported.

"The Securities and Exchange Commission of hereby prohibits all companies from donating cash to the entities and individuals listed under the UNSC sanctions committee's consolidated list," read a notification issued by the commission.

In addition to JuD, the list also includes itself, the (FIF), the Paasban-i-Ahle- Hadith and Pasban-i-Kashmir, among others, the paper said.

The notification further warned that non-compliance with the said ruling could result in a hefty monetary fine.

"The Government of has already prescribed a penalty of up to Rs 10 million for non-compliance on the sanctions regime being implemented," it said.

In January 2017, the Pakistan government had launched a crackdown against JuD, placing Saeed under house arrest.

However, Saeed was released in November after the Lahore High Court refused to extend the period of his confinement.

Responding to reports that the government is planning on seizing their assets, and said they will take the matter to the court, the paper said.

"There are clear rulings of the Lahore High Court and Supreme Court that is free to continue its welfare activities in Pakistan," spokesperson Yahya Mujahid was quoted as saying by the paper.

"The government still pulls such stunts for the appeasement of India," he claimed.

The JuD is believed to be the front organisation for the which is responsible for carrying out the Mumbai attack. It has been declared as a foreign terrorist organisation by the US in June 2014.

First Published: Mon, January 01 2018. 21:19 IST