Printed: July 29, 2020 6:29:47 pm
As many as 44 senior officers of the central, state and Union Territory governments, moreover entities just like the RBI and SEBI, have been designated as nodal authority for seizure of funds and different monetary belongings held by these supporting or engaged in terrorism, officers mentioned on Wednesday.
Based on an official memorandum, the nodal officers have been designated for the implementation of Part 51A of the Illegal Actions (Prevention) Act, 1967.
Part 51A of the UAPA says that for the prevention of, and for dealing with terrorist actions, the central authorities shall have energy to:
(a) freeze, seize or connect funds and different monetary belongings or financial sources held by, on behalf of or on the route of the people or entities listed within the Schedule to the Order, or some other individual engaged in or suspected to be engaged in terrorism.
(b) Prohibit any particular person or entity from making any funds, monetary belongings or financial sources or associated companies out there for the good thing about the people or entities listed within the Schedule to the Order or some other individual engaged in or suspected to be engaged in terrorism.
(c) Forestall the entry into or the transit by India of people listed within the Schedule to the Order or some other individual engaged in or suspected to be engaged in terrorism.
The 44 nodal officers have been designated to assist legislation enforcement companies to grab funds and different monetary belongings held by anybody engaged in terrorism or supporting such violent acts, a Dwelling Ministry official advised PTI.
The designated nodal officers belong to the ministries of residence and exterior affairs, Reserve Financial institution of India (RBI), Securities and Alternate Board of India (SEBI), Monetary Intelligence Unit (FIU), Insurance coverage Regulatory and Growth Authority (IRDA), all state and union territory governments.
Anti-terror probe company NIA has seized plenty of properties belonging to Kashmiri separatists leaders lately and people who have been discovered to have supported insurgency with illicit cash within the Northeast, together with an MLA.
Equally, totally different state police forces have additionally connected funds and properties of individuals supporting terrorism previously.
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