National Investigation Agency (NIA) probing the funding of subversive activities in Kashmir today conducted fresh raids at the residences of separatists leaders and other locations in Jammu and Kashmir and seized foreign currency. <br/><br/>An NIA spokesperson said, during the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were seized. <br/><br/>The NIA officials said, raids took place at the residence of Ayaz Akbar, spokesperson of the Tehreek-e-Hurriyat, led by Syed Ali Shah Geelani, and Peer Saifullah, another of Geelani's close aides. Searches were also carried out at the Jammu residence and warehouse of a businessman, who the NIA sleuths believed was involved in a cross-border trade scam. <br/><br/>The NIA alleges that since the Cross-Line of Control trade, at Uri in Kashmir and Chakan-da-Bagh in Jammu, was based on a barter system, some businessmen under or over invoiced their bills, and the difference in payment was later used for promoting subversive activities in the valley.<br/><br/>An NIA spokesman in Delhi said in continuation of yesterday's searches at multiple locations in Kashmir, Delhi and Haryana, the NIA launched fresh searches today at locations belonging to secessionist and separatist leaders and traders, suspected of hawala activities and terror funding in Jammu and Kashmir. The spokesman said, the searches are continuing and the concerned people are being questioned.'<br/><br/>In its effort to clamp down on separatist groups allegedly receiving funds for subversive activities in the Kashmir valley, the NIA yesterday raided 29 locations. They recovered unaccounted account books, 2 crore rupees in cash and letterheads of banned terror groups such as the Pakistan-based Lashker-e-Taiba and Hizbul Mujahideen.<br/><br/>The NIA spokesman said the investigation sought to probe the entire chain of players behind the financing of terrorist activities, including those who threw stones at security forces, burned down schools and damaged government establishments.<br/><br/>The spokesman said, bank accounts and lockers revealed during the probe hve been frozen. In yesterday's raids, 85 gold coins and jewellery worth 40 lakh rupees were recovered.<br/><br/>Phone diaries, mobile phones and documents such as 'katchcha' (informal) receipts and vouchers had been seized from alleged hawala operators, financiers and office bearers of separatist groups. Among those raided were businessman Zahoor Watali, Raja Zahoor Khan, Farooq Ahmad Dar alias Bitta Karate and Nayeem Khan. The NIA had registered an FIR earlier and was camping in the valley for few days before beginning its raids.<br/><br/>This is for the first time since the rise of terrorism in Kashmir in the early 1990s that a central probe agency carried out raids in connection with terror funding to separatists.