Terrorist are investing in Stock Markets: Shinde

Rome: Home Minister Sushil Kumar Shinde on Monday said that terrorist are investing in stock markets through spurious companies. He sought international cooperation to deal with it.
Addressing the Interpol Assembly at Rome, Shinde said that Credible intelligence suggests that terrorist outfits are investing in stock markets, setting up fictitious businesses and laundering money.  We have an important task was to detect the sources of such finance, including the fake currency variant, its conduits, modus-operandi and stanching its flow.

“Post 26/11, we have raised the level of preparedness to meet the increasingly sophisticated terrorist threats. Secondly, we have enhanced the speed and decisiveness of the response to a terrorist threat or a terrorist attack,” he said.

Shinde said India’s consistent and basic stand before the international community has been that there could be no justification for terrorism on any grounds: religious, political, ideological or any other.

“To be effective, the fight against terrorism has to be long term, comprehensive and sustained. Strengthening of international cooperation is vital to ensure that action is not restricted simply to the perpetrators but also encompassed States, which sponsor, support or provide safe haven to terrorists,” he said.
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