Srinagar, Jan. 7 -- In a major crackdown on organised cybercrime and its alleged links to terror financing, Counter Intelligence Kashmir (CIK) on Wednesday carried out valley-wide raids targeting a well-entrenched syndicate involved in operating mule bank accounts to launder proceeds from cyber frauds, illegal online gaming, betting rackets and other unlawful activities.

According to an official release, acting on "credible and specific intelligence inputs", CIK registered an FIR under Sections 66(C) and 66(D) of the Information Technology Act, 2000; Sections 303, 308, 314, 316(2), 318(4), 336(3), 340(2) and 61(2) of the Bharatiya Nyaya Sanhita, 2023; and Section 13 of the Unlawful Activities (Prevention) Act, 1967 at Police Station Coun...