New Delhi, Nov. 6 -- For decades a shadow economy of drugs, counterfeit currency and illicit cash flows has threaded its way across South Asia, North Africa and beyond. What makes this underground economy especially dangerous is not only its scale but the way statecraft, organized crime and violent Islamist militancy appear to intersect - creating a self-reinforcing funding loop for groups that seek to destabilize societies and export terror. At the center of recent concerns are two names often linked - Pakistan's Inter-Services Intelligence (ISI) and India's most notorious fugitive, Dawood Ibrahim. Together, analysts and media reports say, they help sustain a transnational "narco-jihad" aimed as much at financing jihadi networks as at un...
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