The National Investigation Agency (NIA) on December 23, 2022, filed a chargesheet against Tanveer Ahmad Wani, Peer Arshad Iqbal, and Bashir Ahmad Sofi in a cross-border Line of Control (LoC) trade and Islamic terror funding case.

All three Islamic terrorists have been chargesheeted under the Unlawful Activities (Prevention) Act and IPC for profiteering and raising funds through trade between Jammu and Kashmir and Pakistan-occupied Kashmir (PoK) via the LoC, and then using those funds to promote Islamic terrorist activities in Jammu and Kashmir.

“After scrutinizing several documents, it has come to notice that extraordinary profits were generated by excess import and under-invoicing of imported almonds by the traders. It has also been found that some of the cross-LoC traders of PoK are crossed-over terrorists and were backed by the terrorist outfit, Hizb-Ul-Mujahideen (HM). The trade was suspended in April 2019,” the NIA said in the press release.

After the investigation, it was revealed that both Wani and Iqbal were cross-LoC traders and were handling several trade firms registered in the names of themselves, their friends, relatives, and employees.

“Both of them raised terror funds by excess import than export and by under-invoicing of imported Almonds from PoK-based cross LoC traders,” the NIA said.

They were also in a trading relationship with terrorists of the Islamic terrorist organisation Hizbul Mujahideen (HM). Wani provided funds in cash to different Islamic terrorists of Hizbul Mujahideen, Jaish-e-Mohammad, and others after raising the terror funds. Iqbal used to provide funds to Bashir Sofi, a former Islamic terrorist of Hizbul Mujahideen.