New Delhi, March 12: Terror group Lashkar-e-Taiba (LeT) has split into two due to financial crunch following the ban on Jamat-ud-Dawah (JuD) in Pakistan. LeT co-founder Maulana Amir Hamza has broken away, forming a new terror outfit named Jaish-e-Manqafa.

Maulana Amir Hamza was a close aide of 26/11 Mumbai terror attack mastermind Hafiz Saeed. He would receive funds from Saeed who ran Jamat-ud-Dawah and Falah-e-Insaniat (FIF) in Pakistan. However, after Pakistan’s recent ban on individuals and companies from funding Hafiz Saeed’s outfits, the cash crunch reportedly resulted in bickering over finances in the organisation and its affiliates.

The ban reportedly forced Maulana Amir Hamza to part ways and look to generate funds using his newly-formed terror organisation. He is reportedly planning to execute terror attacks in Jammu and Kashmir.

The Pakistan government recently seized control of the charities run by terrorist Hafiz Saeed’s banned outfits of JuD and FIF. The government banned JuD and FIF across Pakistan, freezing their movable and immovable assets under the amended Anti-Terrorism Act, 1997, Pakistani media reported. The Ministry of Law and Justice in Pakistan announced on February 9 that Pakistan President Mamnoon Hussain amended the Act via ordinance; thus, taking action against entities banned by the United Nations. Pakistan’s Interior Ministry ordered freezing of the assets, directing state governments to comply.

In January, the Securities and Exchange Commission of Pakistan (SECP) barred companies and individuals from handing out doles to JuD and its affiliates.