The military leader of a rebel group seeking independence for India’s isolated north-eastern state of Assam earns millions of dollars each year from investments in Bangladesh, a Bangladeshi intelligence report seen by a local news agency revealed.
Paresh Barua heads a hardline faction of the United Liberation Front of Asom (ULFA) and is now believed to operate from camps in Myanmar, which borders Assam. The news of his investments sheds light on how he keeps his unit running. The U.S. State Department in 2006 estimated ULFA had several hundred fighters.
The report published by the Press Trust of India agency said Barua earns $1.5 million every quarter as remittance from businesses including real estate, shipping, textile and power, and another $500,000 through foreign exchange.
Barua invested $14 million in three Dhaka-based real estate firms in the name of a London-based businessman, the reports said. It was not clear where the money came from.