India police: Terror attack on Mumbai bourse foiled

MarketWatch ^ | Feb. 11, 2008 1:12 a.m. EST | V. Phani Kumar, MarketWatch

[Ernest_at_the_Beach]

HONG KONG (MarketWatch) -- Indian police arrested six alleged Islamic extremist terrorists and foiled their plan to attack institutions, including the Bombay Stock Exchange, according to a media report Monday.

Bombay Stock Exchange was going to be their first target. These terrorists have multiple targets. In case they fail in one, they quickly move on to the next," said Amitabh Yash, a senior police officer in the northern Uttar Pradesh state, where they were arrested on Sunday, according to the report in the online edition of The Times of India.

Mumbai, India's commercial and financial capital, as well as the BSE, have been subjected to several terrorist attacks in the past two decades. The BSE was one of the targets in the 1993 serial bombings in the city that killed dozens of people. More recently, in 2006, serial blasts in the city's local trains are reported to have killed at least 170 people and injured more than 300.

The six people arrested in northern India are believed to be members of the terrorist group Lashkar-e-Toiba, and included a Pakistani citizen.

[Red Badger]

They wanted to trade their BOMBS on the Stock Exchange?.........