A National Investigation Agency (NIA) team on Tuesday raided the residence of a businessman here.
An NIA official in New Delhi confirmed that the raid was being conducted at Fayaz Ahmad Mir's residence in the city's Lal Bazar area.
The team was accompanied by Jammu and Kashmir Police personnel.
No other details of the raid were immediately available.
The agency has been carrying out raids at the offices and residences of separatists and businessmen in connection with the hawala scam that the NIA has been investigating.
Two months ago, the NIA raid the residence of another businessman in Srinagar's Nowhatta area.
--IANS
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