J&K money laundering racket busted: Crores uncovered

| Updated: 10 July, 2024 12:29 pm IST

JAMMU: The Jammu and Kashmir Police (JKP) on Tuesday arrested Tarun Bahl, a key suspect involved in a large-scale money laundering operation and stealing of official secret documents having serious national security implications. Bahl was charged under the Official Secrets Act and Section 353/49 of Bharatiya Nyaya Sanhita.

The sources said that Tarun Bahl was taken into custody following searches against him in the Channi Himmat area of Jammu. He is currently being held for a four-day police remand as investigations continue.

Sources said during his interrogation, Bahl provided vital information that led to the discovery of an extensive money laundering network.

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Sources reveal that the Jammu and Kashmir Police (JKP) uncovered evidence linking Bahl to 125 bank accounts, through which he allegedly laundered 128 crores to cleanse illicit funds and reintroduce them into the financial system.

Sources have also revealed that the accused (Bahl) owns 16 luxury cars. Evidence also suggests his involvement with senior bureaucrats and local politicians in Jammu and Kashmir.

A senior police official on condition of anonymity told The New Indian, “Our analysis of Tarun Bahl’s activities uncovered his typical wheeler-dealer methods, devoid of any legitimate business foundation.”

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He elaborated, “Bahl’s operation involves strategically placing himself within the police and civil administration, often using bribery or blackmail to gain influence. This created a vicious cycle of corruption, with Bahl leveraging information to exert control over various officials.”

The official added, “Bahl coerced certain officers into committing illegal acts, such as leaking confidential information to sow discord within the government for personal gain. His readiness to be swayed by hostile elements poses a significant threat to national security.”

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