For last twenty-seven years, Kashmir seditionists and traitors have been carrying on their perfidy on the strength of huge monies received by the targeted persons/organizations through hawala, clandestine bank remittances and many other ways. In the beginning, it was the PoK Diaspora in London that sourced funding. As sedition began assuming Islamic religious contour, the Saudi based al Rabita became the main funding source. Of course, money came not directly but through the local conduits, fake human rights organizations in the valley, fake trusts and fake bank accounts mostly in J&K Bank. There is a sizable Kashmiri Muslim Diaspora in Saudi Arabia and it has developed a strong clout in Saudi administrative structure. This Diaspora has been instrumental in diverting hawala and other illegal remittances to seditionist in Kashmir Valley. According to one estimate, nearly 85 crore rupees have been poured into the valley from 2006 till date into the kitty of the seditionists and their local handlers. Another estimate, made only after the announcement of demonetization of 500 and 1000 rupees notes says that about 200 to 300 million rupees black money is making circulation in the valley. The extraordinary affluence that one notices in Srinagar and even in the towns and suburbs is to be traced to this clandestine fundraising.
One of the major targets of crushing black money sources is the hawala and black money pouring into Kashmir. With demonetization, the first impact is that crowds of stone throwers have disappeared over night. The second impact is that the hartal calls given by secessionists have become ineffective and people have resumed normal life in the valley. Markets opened, schools have resumed teaching work and banks are functioning normally. It means people have understood how they were held hostage to the politics of self-seeking leadership. Now the Home Ministry has convened meeting of top intelligence and ministry echelons to devise methodology of keeping an eye on the circulation of black money in the valley.
Multitudes of ordinary people in the valley are very happy with the demonetization phenomenon because they have been the direct victims of money power which emanated from circulation of fake currency on very large scale. Presence of numerous Bangladeshi migrants to Malda district in West Bengal, in Srinagar, Spoor and South Kashmir towns shows that fake currency was being pumped by ISI into Kashmir through its Bangladeshi migrants to Malda district in West Bengal. Many Kashmiris have been found loitering around in Malda district of West Bengal. Enormous quantity of demonetized denominations has become useless for the insurgents in Kashmir, their local handlers and their foreign ISI sponsors.
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