Ban to have little effect on Jamaat-ud-Dawaa
Jamaat-ud-Dawaa has moved hundreds of thousands of dollars or may be millions in recent days in order to secure itself in the likelihood of a ban being imposed. The organisation can very well begin its operation under a new name as in the past.
A REPORT in Wall street journal suggests that the ban on JuD will have little effect as the money of the organisation had been shifted to secure locations before the ban.
Jamaat-ud-Dawa the organisation which was banned by the UN Security council recently for being associated with the Mumbai terrorist attacks and being the sister concern of the Let will not have a large effect because it has been able to transfer its funds to numerous public accounts before the ban was imposed negating the effect following the crackdown by the Pakistan government.
The cutting of the financial supply line of the organisation linked to terror acts and acts of violence had been due to the lack of the government’s efforts to track and seize millions of dollars that the group is believed to have deposited in various accounts in banks in Pakistan and abroad said The Wall Street Journal. The delay in the imposition of ban gave the organsiation ample time to shift its resources to more secure places out of its public bank accounts said the US journal quoting an unidentified Pakistan Finance Ministry official.
The official said that the organisation has moved hundreds of thousands of dollars or may be millions in recent days in order to secure itself in the likelihood of a ban being imposed. He also said that the organisation can very well begin its operation under a new name as it has been done in the past. The money is in Pakistan where it cannot be found.
Members of the outfit who had earlier invited journalists to visit their campuses and see what they were doing for the benefit of the society are now unavailable for comments as most of them have been detained. Till Friday at least one account remained open for its supporters to deposit their donations said the journal.
People who wished could still deposit money at a Lahore branch of Bank Alfalah Ltd., a small lender part-owned by investors in Abu Dhabi, said the bank’s operations officer, who, the paper said, would give his name only as Ali.
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