NGOs on ED watchlist for funding Naxals

NGOs on ED watchlist for funding Naxals

News:

1. The Enforcement Director(ED) keeping eye on some NGOs that are suspected for funding naxals in various states.

Important facts:

2. The agency is preparing a list of these NGOs to examine their financial dealings.

3. The action is being taken following several rounds of multi-agency meetings.

4. The ED also identified some prominent industrial houses involved in paying ‘protection money’ to these organsiation.

5. ED will soon send summon to these houses for recording their statements.

6. The agency earlier has found that naxal leaders extorted money and laundered the funds.

7. Properties worth crores has been attached under Prevention of Money Laundering Act over the past few months.

8. States like Bihar, Jharkhand, West Bengal, Chhattisgarh, Odisha, Telangana are more prone to naxals.