October 02, 2007

INDIA :Top police officials meet to tackle financial terrorism

Top police officials meet to tackle financial terrorism
30 Sep, 2007, 1740 hrs IST, PTI


NEW DELHI: With reports of manipulation of stock exchanges being detected as a mode by terrorists to raise funds, the country's top police brass will be meeting here to formulate a comprehensive policy for eradication of the menace.

The three-day annual conference of Directors General and Inspectors General, beginning October three, will focus on matters relating to national, economic and financial security.

Organised by Intelligence Bureau, the conference will be inaugurated by Home Minister Shivraj Patil. Prime Minister Manmohan Singh will address top cops on October four.

The focus on economic terrorism began early this year when National Security Advisor M K Narayanan stated that manipulation of stock exchanges was the new modus operandi used by terrorist groups to raise funds for their operations and fictitious companies had operated in the Mumbai and Chennai stock exchanges.

The need to focus on financial terrorism was arrived as some of the states were still unaware about the management of finances by terrorists and efforts required to check it. In addition to this, the Government was also not seriously taking the request of the security agencies for lifting of veil on funds flowing in from foreign countries.

Financial experts from ED and Directorate of Revenue Intelligence will take part in the meet to formulate a comprehensive policy to check manipulation of stock and commodity markets besides monitoring strategic investments of concern in sensitive sectors and regions.


Three-day meeting of police top brass from tomorrow
2 Oct 2007, 1535 hrs IST,PTI
http://timesofindia.indiatimes.com/




NEW DELHI: The Samjhauta Express blast, terror strikes in Mumbai and intelligence inputs that rail and road transport systems are on hit list of terrorists would dominate discussions at the three-day meet of the country's top police brass beginning here on Wednesday.

The annual conference of Directors General and Inspectors General of Police, organised by Intelligence Bureau, will be inaugurated by Union Home Minister Shivraj Patil, during which the police chiefs from all states, para-military forces and security agencies will try to work out a joint strategy on countering threats from various militant groups.

In light of the terror attacks on transport infrastructure, including the Samjhauta Express and Mumbai serial blasts last year, the meeting would give focus on taking steps for strengthening security cover for rail, metro and bus networks in the country, official sources said.

There were intelligence inputs suggesting that "sleeper cells" of various Pakistan-based militant groups including Jaish-e-Mohammed and Lashker-e-Taiba would try and target the public transport system, which is susceptible to an onslaught from militant groups, the sources said.

Central Industrial Security Force, which is guarding airports, Railway stations, metro and some bus terminus, would make a presentation while central security agency officials would apprise the gathering of modern techniques being used world over in making the public mode of transport safe.

The meeting, which would be addressed by Prime Minister Manmohan Singh on Thursday, among other things, would also discuss various aspects of financial terrorism, cyber crime and VVIP security.

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