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NEW DELHI, Feb 15: Terrorist groups are raising funds for their operations by investing in India’s booming stock markets, according to the top security official.
National Security Adviser M.K. Narayanan said in a speech posted online on Thursday: “Stock exchanges in Mumbai and Chennai have, on occasions, reported that fictitious or notional companies were engaging in stock market operations. Some of these companies were later traced to terrorist outfits.”
He called for the lifting of ‘banking secrecy’ and ‘corporate veil’ in terrorism cases.—AFP
