The Jammu and Kashmir Police has intensified its crackdown on a digital hawala network linked to terror financing, following the bust of a major white-collar terror module. Officials have placed over 8,000 bank accounts under scrutiny, suspecting that collected funds were funnelled into terrorist activities. Investigating agencies believe the handlers of the network are operating from across the border in four different countries.Mule bank accounts have emerged as a major new front in cyber fraud, posing serious challenges for security and financial intelligence agencies. In a significant crackdown, authorities in Jammu and Kashmir recently uncovered a vast network of nearly 8,000 mule accounts, exposing a sophisticated money-laundering operation allegedly linked to international cyber fraud syndicates.The operation marks a coordinated effort by central agencies and the Jammu and Kashmir Police to dismantle a system in which fraudulently obtained funds were routed through layers of bank accounts to obscure their origin and final destination.Also read | <a href="https://www.wionews.com/world/iran-denies-link-to-three-oil-tankers-seized-by-india-near-mumbai-in-smuggling-probe-exclusive-economic-zone-stellar-ruby-asphalt-star-and-al-jafzia-1771292133669">Iran denies link to three oil tankers seized by India in smuggling probe</a>Authorities have directed the J&amp;K Police, banking institutions, and other law enforcement agencies to work in close coordination to identify, monitor, and immediately freeze newly created mule accounts. Investigations are now focused on tracing the intermediaries commonly known as mulers who recruit account holders, manage the network, and facilitate the movement of illicit funds across regions and, in some cases, across borders. Officials believe that identifying these handlers is key to breaking the backbone of the wider cyber fraud ecosystem.''Around 7,000 to 8,000 accounts are currently under scrutiny due to suspicious transactions and questionable credentials. These accounts are being actively reviewed, and we have requested the department to freeze them while investigations are underway. We are examining potential links to terror financing. Our country has faced terrorism for years, much of it sustained through illicit funding channels. We are determined to disrupt and choke off these financial networks. There is serious concern that these accounts may have been used to funnel funds to terrorist organisations, '' said Tahir Ashraf Bhati, SSP Counterintelligence, KashmirIn a separate major breakthrough, the Jammu and Kashmir Police recently constituted a Special Investigation Team (SIT) that uncovered a multi-crore phishing and fake trading racket run through fraudulent websites. Investigations have so far identified around 835 suspicious bank accounts, of which 290 verified accounts received approximately ₹209 crore from investors across India within the past one and a half months. Security agencies estimate that the total amount involved could exceed ₹400 crore after full scrutiny.Also read | <a href="https://www.wionews.com/india-news/nikhil-gupta-pleads-guilty-to-khalistani-leader-gurpatwant-singh-pannun-murder-for-hire-case-1771043208912">Nikhil Gupta pleads guilty to Khalistani leader Gurpatwant Singh Pannun murder-for-hire case</a>The scam allegedly involved layered fund transfers through accounts in Budgam, Srinagar, Ganderbal, and Baramulla, along with cryptocurrency conversions, QR code circulation via Telegram channels, and cross-border routing to conceal the money trail.“In the past one and a half months, Ganderbal Police have been investigating a major web-based investment scam operating through fraudulent websites. These platforms falsely promised unusually high returns and were widely promoted through web browsers such as Google Chrome. Websites, including Paisavault, were used to lure unsuspecting individuals into investing their money. Our investigation has revealed transactions exceeding ₹2 crore in certain accounts, with funds being transferred outside the state and subsequently routed abroad. This is not a game or legitimate investment opportunity, but a well-organised online scam. The alleged mastermind, Ekant Yogdutt, also known as ‘Dr. Morphine,’ is a resident of Hisar, Haryana. He is believed to have developed foreign connections during his MBBS studies in the Philippines. The investigation has further uncovered the use of BPL account holders, approximately 200 ATM/debit cards, foreign currencies, and suspected involvement of certain bank employees. So far, eight individuals have been arrested. Authorities have identified the distribution of 575 QR codes and verified 290 bank accounts that collectively received ₹209 crore from investors across India. The total amount involved is expected to exceed ₹400 crore upon completion of the full scrutiny.” said Khalil Poswal, SSP Ganderbal.Authorities have urged citizens not to rent out bank accounts and to report cyber fraud to the cyber-Police, while further investigation continues to trace funds and attach properties of the accused.

Authorities in Jammu and Kashmir have launched a major crackdown on a suspected digital hawala and cyber-fraud network, placing nearly 8,000 mule bank accounts under scrutiny over possible links to terror financing.

The Jammu and Kashmir Police has intensified its crackdown on a digital hawala network linked to terror financing, following the bust of a major white-collar terror module. Officials have placed over 8,000 bank accounts under scrutiny, suspecting that collected funds were funnelled into terrorist activities. Investigating agencies believe the handlers of the network are operating from across the border in four different countries. Mule bank accounts have emerged as a major new front in cyber fraud, posing serious challenges for security and financial intelligence agencies. In a significant crackdown, authorities in Jammu and Kashmir recently uncovered a vast network of nearly 8,000 mule accounts, exposing a sophisticated money-laundering operation allegedly linked to international cyber fraud syndicates. The operation marks a coordinated effort by central agencies and the Jammu and Kashmir Police to dismantle a system in which fraudulently obtained funds were routed through layers of bank accounts to obscure their origin and final destination. Also read | Iran denies link to three oil tankers seized by India in smuggling probe Authorities have directed the J&K Police, banking institutions, and other law enforcement agencies to work in close coordination to identify, monitor, and immediately freeze newly created mule accounts. Investigations are now focused on tracing the intermediaries commonly known as mulers who recruit account holders, manage the network, and facilitate the movement of illicit funds across regions and, in some cases, across borders. Officials believe that identifying these handlers is key to breaking the backbone of the wider cyber fraud ecosystem. ''Around 7,000 to 8,000 accounts are currently under scrutiny due to suspicious transactions and questionable credentials. These accounts are being actively reviewed, and we have requested the department to freeze them while investigations are underway. We are examining potential links to terror financing. Our country has faced terrorism for years, much of it sustained through illicit funding channels. We are determined to disrupt and choke off these financial networks. There is serious concern that these accounts may have been used to funnel funds to terrorist organisations, '' said Tahir Ashraf Bhati, SSP Counterintelligence, Kashmir In a separate major breakthrough, the Jammu and Kashmir Police recently constituted a Special Investigation Team (SIT) that uncovered a multi-crore phishing and fake trading racket run through fraudulent websites. Investigations have so far identified around 835 suspicious bank accounts, of which 290 verified accounts received approximately ₹209 crore from investors across India within the past one and a half months. Security agencies estimate that the total amount involved could exceed ₹400 crore after full scrutiny. Also read | Nikhil Gupta pleads guilty to Khalistani leader Gurpatwant Singh Pannun murder-for-hire case The scam allegedly involved layered fund transfers through accounts in Budgam, Srinagar, Ganderbal, and Baramulla, along with cryptocurrency conversions, QR code circulation via Telegram channels, and cross-border routing to conceal the money trail. “In the past one and a half months, Ganderbal Police have been investigating a major web-based investment scam operating through fraudulent websites. These platforms falsely promised unusually high returns and were widely promoted through web browsers such as Google Chrome. Websites, including Paisavault, were used to lure unsuspecting individuals into investing their money. Our investigation has revealed transactions exceeding ₹2 crore in certain accounts, with funds being transferred outside the state and subsequently routed abroad. This is not a game or legitimate investment opportunity, but a well-organised online scam. The alleged mastermind, Ekant Yogdutt, also known as ‘Dr. Morphine,’ is a resident of Hisar, Haryana. He is believed to have developed foreign connections during his MBBS studies in the Philippines. The investigation has further uncovered the use of BPL account holders, approximately 200 ATM/debit cards, foreign currencies, and suspected involvement of certain bank employees. So far, eight individuals have been arrested. Authorities have identified the distribution of 575 QR codes and verified 290 bank accounts that collectively received ₹209 crore from investors across India. The total amount involved is expected to exceed ₹400 crore upon completion of the full scrutiny.” said Khalil Poswal, SSP Ganderbal. Authorities have urged citizens not to rent out bank accounts and to report cyber fraud to the cyber-Police, while further investigation continues to trace funds and attach properties of the accused.

Authorities in Jammu and Kashmir have launched a major crackdown on a suspected digital hawala and cyber-fraud network, placing nearly 8,000 mule bank accounts under scrutiny over possible links to terror financing.

Massive terror financing probe: J&K police crack down on 8,000 mule accounts, expose ₹209 crore phishing and fake trading racket

Two terrorists have been killed in an ongoing operation in the Udhampur district of the Jammu division. The operation is being jointly carried out by the Indian Army’s 4 Para unit, the Jammu and Kashmir Police, and paramilitary forces. The operation was launched on Tuesday after intelligence reports tipped off authorities about the presence of three to four terrorists in the area.According to sources, security forces quickly moved to the site and initiated a search operation. However, as they approached, the terrorists opened fire, sparking an intense exchange of gunfire. The firefight continued through the night, with security forces halting the operation only temporarily to regroup and reassess. By the early hours of Wednesday, the operation was resumed as firing erupted once again. Two terrorist bodies have been located at the operation site so far.Earlier, the Indian Army had said that ''Operation Kiya: In an intelligence based joint Operation, contact has been established with the terrorists by the Troops of CIF Delta, #WhiteKnightCorps, @JmuKmrPolice and #CRPF at around 4 pm today in the general area of Basantgarh. Cordon has been established. Firefight is on. Operation is in progress, ''.&nbsp; Security officials believe that the terrorists, who are suspected to be foreign nationals, are holed up at a specific location. The area remains highly volatile, with heavy reinforcements now in place. Additional personnel from the Indian Army, Jammu and Kashmir Police, and paramilitary forces have been deployed to the operation site to bolster security efforts.Drones have also been brought in to assist with aerial surveillance, allowing the forces to track movements and monitor the situation from above in real-time. The aerial support aims to provide crucial intelligence and ensure a more strategic approach as the operation progresses. &nbsp;As of now, the operation is ongoing, with security forces working around the clock to neutralise the threat. According to official data, there are approximately 120–150 active terrorists in Jammu and Kashmir, with over 90 per cent being foreign nationals, primarily from Pakistan and Pakistan-occupied Kashmir. In 2025, a few infiltration attempts were successful, allowing terrorists to enter the Union Territory. However, local recruitment remains at its lowest, with only one local individual joining terrorist ranks this year, an achievement that security agencies view as a major success, reflecting the lack of local support for such groups.Security agencies remain focused on neutralising foreign terrorists hiding in the higher reaches of both the Jammu and Kashmir divisions as part of their sustained counter-terror strategy.

According to official data, there are approximately 120–150 active terrorists in Jammu and Kashmir, with over 90 per cent being foreign nationals, primarily from Pakistan and Pakistan-occupied Kashmir.

Two terrorists have been killed in an ongoing operation in the Udhampur district of the Jammu division. The operation is being jointly carried out by the Indian Army’s 4 Para unit, the Jammu and Kashmir Police, and paramilitary forces. The operation was launched on Tuesday after intelligence reports tipped off authorities about the presence of three to four terrorists in the area. According to sources, security forces quickly moved to the site and initiated a search operation. However, as they approached, the terrorists opened fire, sparking an intense exchange of gunfire. The firefight continued through the night, with security forces halting the operation only temporarily to regroup and reassess. By the early hours of Wednesday, the operation was resumed as firing erupted once again. Two terrorist bodies have been located at the operation site so far. Earlier, the Indian Army had said that ''Operation Kiya: In an intelligence based joint Operation, contact has been established with the terrorists by the Troops of CIF Delta, #WhiteKnightCorps, @JmuKmrPolice and #CRPF at around 4 pm today in the general area of Basantgarh. Cordon has been established. Firefight is on. Operation is in progress, ''. Security officials believe that the terrorists, who are suspected to be foreign nationals, are holed up at a specific location. The area remains highly volatile, with heavy reinforcements now in place. Additional personnel from the Indian Army, Jammu and Kashmir Police, and paramilitary forces have been deployed to the operation site to bolster security efforts. Drones have also been brought in to assist with aerial surveillance, allowing the forces to track movements and monitor the situation from above in real-time. The aerial support aims to provide crucial intelligence and ensure a more strategic approach as the operation progresses. As of now, the operation is ongoing, with security forces working around the clock to neutralise the threat. According to official data, there are approximately 120–150 active terrorists in Jammu and Kashmir, with over 90 per cent being foreign nationals, primarily from Pakistan and Pakistan-occupied Kashmir. In 2025, a few infiltration attempts were successful, allowing terrorists to enter the Union Territory. However, local recruitment remains at its lowest, with only one local individual joining terrorist ranks this year, an achievement that security agencies view as a major success, reflecting the lack of local support for such groups. Security agencies remain focused on neutralising foreign terrorists hiding in the higher reaches of both the Jammu and Kashmir divisions as part of their sustained counter-terror strategy.

According to official data, there are approximately 120–150 active terrorists in Jammu and Kashmir, with over 90 per cent being foreign nationals, primarily from Pakistan and Pakistan-occupied Kashmir.

J&K: Two terrorists killed in Udhampur encounter, operation underway

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Massive terror financing probe: J&K police crack down on 8,000 mule accounts, expose ₹209 crore phishing and fake trading racket

J&K: Two terrorists killed in Udhampur encounter, operation underway