Srinagar, Aug 06: The Economic Offences Wing of Crime Branch Kashmir has arrested two individuals for allegedly cheating a complainant on the pretext of investment in various deposit schemes.
The duo has been identified as Majid Nazir Najar S/o Nazir Ahmad Najar R/o Batamaloo Near Mehboob Public School Srinagar and Mubarak Ahmad Rather S/o Nissar Ahmad Rather R/o Gulshan Nagar, Gulposh Colony, reads a statement, adding that they have been arrested in a case under FIR number 11/2025 under Section 420, 467, 468, 471, 120-B IPC of P/S EOW (Crime Branch Kashmir).
“The accused individuals had promised high returns on investment in Adarsh Cooperative Society, SBI Life insurance and HDFC Insurance companies and provided the complainant with deposit certificates. However, during verification, the certificates were found to be fake and forged. The accused individuals projected themselves as authorized representatives and agents working with various financial institutions and lured complainant to make investments in various deposit schemes,” the statement added.
A case was registered under relevant sections of law, and during the course of investigation, evidence confirmed the involvement of the accused. Both individuals were taken into custody and are being questioned further, it reads, adding that Crime Branch Kashmir continues its efforts to investigate economic crimes and bring fraudsters to justice. The general public is advised to stay cautious and verify credentials before making any financial investments.
