A  chasm has appeared in Hafiz Saeed-led Lashkar-e-Taiba (LeT) due to severe financial crunch with co-founder Maulana Amir Hamza forming his own terror outfit Jaish-e-Manqafa According to intelligence reports available with India Today, Pakistan’s ban on Jamat-ud-Dawah (JuD) caused the rift and Hamza.

Subsequently, an angry Hamza, who received funds from Saeed, decided to form Jaish-e-Manqafa. Now, Hamza, who was a close aide of 26/11 mastermind Saeed, is trying to gather funds in Pakistan and plans to unleash terror in Kashmir on the lines of LeT, according to reports.

Hamza, who belongs to Gujranwala city in Pakistan’s Punjab province, was declared a global terrorist by the US in 2012.

Last month, Pakistan seized control of charities JuD and Falah-e-Insaniat Foundation by Saeed. According to Pakistani paper Dawn, JuD’s headquarters Muridke Markaz, its schools, and seminaries in Punjab were taken over by the government.

According to a notification issued by Pakistan’s Interior Ministry, The federal government is pleased to direct that requisite actions with regard to freezing and taking over of assets (movable, immovable and human resource) associated with JuD and FIF shall be taken in pursuance of Ordinance No II of 2018.

Pakistani President Mamnoon Hussain signed an ordinance that curbed individuals and organisations banned by the UNSC.

Defence expert and Lieutenant General (retired) Shankar Prasad see the rift in LeT as an advantage for India. Any rift in terror outfits will always be advantageous for us. Our security agencies should, in fact, take advantage of this situation, he told India Today.

Another defence expert P K Sehgal said that Hamza has formed his own outfit since Saeed is unable to provide funds to him. Right now, Saeed is more concerned about his political career and using funds in that direction, he said.

According to Global ECCO, LeT is primarily funded by the Pakistani Army and the Inter-Services Intelligence. LeT exploits JuD’s social welfare organisation with its more than 50,000 registered members to spread its influence and to raise funds.

Within Pakistan, donation boxes are placed in many JuD offices and shops spread out all over the country, and at public gatherings, where money is solicited for the continuation of LeT’s ideology and to celebrate the martyrdom of fighters. LeT also receives charitable aid directly, especially from donors in Saudi Arabia and other Gulf states, says Global ECCO.