Money in terror financing minuscule, its impact large: Prasad

NEW DELHI: While the quantum of money involved in terror financing incidents in the country is “very, very minuscule”, the damage done by such activities is significant, a top security official said today.

Advisor (Technical) in the Home Ministry, Ashok Prasad claimed it was “much easier” for the security agencies to catch a terrorist than track illegal his money as the routing of funds is done through various methods like hawala and also transported by some people returning from Haj pilgrimage.

He said detection of terrorist financing was akin to “catching rain drops” or like finding “a needle in a haystack”.

Prasad was addressing officers of the Enforcement Directorate (ED) while delivering key note address on the subject ‘Terrorist Financing’ during the annual ED day event held here. (AGENCIES)

 

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