PARIS: The Financial Crimes Enforcement Network (FINCEN) has described India as a facilitator of terrorists and a money launderer.
According to a report released by FCEN, at least 44 Indian banks are involved in the money laundering. Questions have also been raised about where the money went in these banks and who used it, the report added.
As per the report, the Punjab National Bank of India, Kotak Mahindra, HDFC Bank, Kanara Bank, Indus land Bank and Bank of Broda are involved in money laundering.
The Financial Crimes Enforcement Network stated Indian banks laundered 1.5 1.53 billion through 3201 illegal transactions. Money laundering is also taking place in the Indian Premier League (IPL). Indian antiquities smugglers are also involved. Money laundering took place in gold and diamonds.
Read more: India is violating human rights in IoK: FO spokesman
A recent UN report identified the presence of terrorist groups in Kerala and Assam. On the other hand, the Indian delegation left the UN General Assembly Hall. The Indian delegation had left the hall as soon as Prime Minister Imran Khan’s address to the UN General Assembly began.
In his address, the prime minister said that the Indian atrocities perpetrated on the oppressed Kashmiris in occupied Kashmir.