The money was sent exclusively to fuel the Kashmir unrest, the IB file also states. Money was paid to stone pelters and also to hold demonstrations, the dossier further notes. The IB has been working on this dossier since early 2016.
It indicates that the unrest was plotted before July 2016 itself. However the protests erupted after the death of Burhan Wani the Hizbul Mujahideen commander in an encounter.
While tracking the money trail, it was found that a chunk of the cash was moved through hawala routes. There was also a considerable amount of money that was sent in through the terrorists. Terrorists were told to carry large chunks of cash and hand deliver the same to the touts of the separatists who would wait at the border to receive them.
While money was used to pay off the stone pelters, there was also a large chunk that was spent on propaganda. Payments were paid to spread propaganda through social media and messaging applications. There was also money that had been paid to raise Islamic State flags in the Kashmir Valley, the IB also notes.