ED raids narco-terror network in Punjab and J&K
Analysis based on 13 articles · First reported Jul 24, 2026 · Last updated Jul 24, 2026
The raids highlight ongoing cross-border narco-terror funding, potentially increasing scrutiny on financial transactions in border regions. However, the direct market impact is limited as the entities involved are not publicly traded.
The India — Enforcement Directorate (ED) conducted searches at nine locations across Punjab and Jammu and Kashmir on July 23, 2026, under the Prevention of Money Laundering Act (PMLA) in connection with a narco-terror funding investigation. The probe uncovered a multi-layered network involving Punjab-based handlers Satnam Singh and Manjit Singh alias Maan, and Kupwara-based operatives Safeer Ahmed and Kafeel Ahmed. Heroin was smuggled from Pakistan through handlers linked to Hizbul Mujahideen, with consignments transported via the Line of Control into India. In one instance, 35 packets of heroin were retrieved; 30 packets concealed in a truck tire were intercepted at Banihal in September 2023, weighing about 31 kg. Over 60 kg of heroin was trafficked cumulatively. Proceeds from heroin sales were used to fund terror activities. The ED froze bank accounts totaling approximately Rs 49.9 lakh and seized incriminating documents. Further investigation is ongoing.
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