Bank branches near international borders with Bhutan and Bangladesh as well as interstate boundaries of Assam have been told to remain vigilant about suspicious deposits of large sums of money by militants following the demonetisation of high-value currency notes.
The demonetisation of Rs 500 and Rs 1000 notes by the Central Government has hit terror funding in the country and especially the Northeast region in a big way. The Assam Police on Wednesday revealed that ULFA and some other insurgent groups based in Assam are using students and middlemen to legalize their spiked currencies.
Assam Director General of Police (Law and Order) Kuladhar Saikia said that he had held a meeting with heads of Reserve Bank of India and other banks in the State to keep track of deposits of large sums of money at the branches near the border and immediately inform police about it.
Police have also taken steps to keep a watch on decoys being used by militants to deposit their old currency notes in bank branches, Saikia said.
‘We also have information about terrorists depositing their old currency notes in some educational institutes and then taking out the money in the name of school children. We have told our officials in those areas to be alert about it,’ he said.
‘The terrorists are also attempting to take out money through middlemen, contractors and opening fictitious bank accounts to deposit their money,’ Saikia said, adding ‘Since demonetisation, Assam Police have found three suspicious transactions of Rs 1.5 crore, Rs 50 lakh and a few lakhs.’