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Indian policeman wearing riot gear stands guard at a barricade set up during curfew of an area in Srinagar November 29, 2012 (representational image).Reuters file

The National Investigation Agency (NIA) on Saturday morning raided at least 14 locations in Jammu and Kashmir, and eight locations in New Delhi in connection with terror funding, allegedly involving leaders, into a regular case.

NIA chief Sharad Kumar said that 21 locations were raided in Kashmir, Delhi and Haryana on early Saturday morning and added that the raids are likely to continue till afternoon, according to Times of India reports.

Reports state that the locations being raided are residences and offices of Hurriyat members and big hawala traders suspected to have acted as conduits for terror funding in Kashmir.

Some of the locations which are being raided by the NIA include Greater Kailash, Pitampura and Ballimaran in Chandni Chowk.

One of the NIA teams has reportedly recovered cash worth Rs 1.25 crore in the raid at a residential location in Kashmir.

The NIA had registered a case nearly 4 days before the raids of terror funds allegedly sourced from Pakistan-based terror outfits like Lashker e Taiba were being used for fuelling unrest in the Valley through incidents of stone-pelting and targeting of schools and public property.

The federal investigation agency had questioned Hurriyat leaders Naeem Khan, Farooq Ahmad Daralias Bitta Karate and Javed Ahmed Baba alias Gazi at Srinagar and Delhi regarding their involvement in collection of terror funds in Kashmir.

NIA has estimated that Pakistan-based terror groups are financing terrorism in Jammu and Kashmir by generating millions in donations through their charity organisations.

The raids are currently underway.