The jehad needs money from diverse sources
A writer from Pakistan put it well when he said that jehadis wanted to destroy everything foreign except the AK 47 and internet. He may have added that they adore various kinds of international currencies as well, making full use of modern banking systems, against which they rail in public. The question asked most frequently in the aftermath of 26/11 was whether jehadis who attacked Mumbai could have done so without a local network, in other words was it Dawood Ibrahim’s network in his old city that helped in the havoc? Now Rand Corporation, US’s leading think tank, has confirmed what Indian agencies always insisted: Dawood Ibrahim has moved into full fledged terrorism from merely being a top notch gangster. “He is siphoning off millions of dollars earned from film piracy, drug-running and other crimes to finance his operations,’’ Rand says in its latest report. How does his function operate? According to insiders, the moment a film is released in Mumbai, the ‘D-Company’ develops camera prints and sends them to Karachi or Kuala Lumpur where millions of DVDs are made and marketed across the world. Terror is well paid for. Investigators probing funding for 9/11 attackers in the US say jehadis spent somewhere between $400,000 and $500,000 to plan and execute the attacks. The hijackers and their financial cohorts used the anonymity provided by the huge international and domestic financial system to move and store their money through a series of unremarkable transactions.
A writer from Pakistan put it well when he said that jehadis wanted to destroy everything foreign except the AK 47 and internet. He may have added that they adore various kinds of international currencies as well, making full use of modern banking systems, against which they rail in public. The question asked most frequently in the aftermath of 26/11 was whether jehadis who attacked Mumbai could have done so without a local network, in other words was it Dawood Ibrahim’s network in his old city that helped in the havoc? Now Rand Corporation, US’s leading think tank, has confirmed what Indian agencies always insisted: Dawood Ibrahim has moved into full fledged terrorism from merely being a top notch gangster. “He is siphoning off millions of dollars earned from film piracy, drug-running and other crimes to finance his operations,’’ Rand says in its latest report. How does his function operate? According to insiders, the moment a film is released in Mumbai, the ‘D-Company’ develops camera prints and sends them to Karachi or Kuala Lumpur where millions of DVDs are made and marketed across the world. Terror is well paid for. Investigators probing funding for 9/11 attackers in the US say jehadis spent somewhere between $400,000 and $500,000 to plan and execute the attacks. The hijackers and their financial cohorts used the anonymity provided by the huge international and domestic financial system to move and store their money through a series of unremarkable transactions.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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