Srinagar, Aug 08: The Economic Offences Wing, formerly known as the Crime Branch Kashmir, has filed a preliminary chargesheet against four individuals – including a probationary officer of J&K Bank and his two close relatives – in an alleged multi-crore online financial fraud case.
The case was registered this year in police station Kangan in Ganderbal district under sections 318(4), 316(5) read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023. The case was later transferred to Economic Offences Wing for in-depth investigation.
An EoW spokesperson said the case originated from a complaint, alleging that one Shahnawaz Ahmad Shah, of Rather Mohalla Kangan working as a probationary officer, J&K Bank, Branch Kangan, approached him with a fraudulent investment proposal. The complainant was lured into investing in a financial scheme promising lucrative returns through online trading.
During the course of investigation by EoW, it was revealed that Shahnawaz Shah, along with his father Ghulam Nabi Shah, his sister Rumaisa Jan – all residents of Rather Mohalla, Kangan – and Amir Bashir Magray of Bonizal Haripora, Kangan, acting in connivance with one another, hatched a criminal conspiracy to cheat hundreds of innocent people. Through fraudulent and dishonest means, and under the pretext of online financial trading schemes, they allegedly defrauded victims of more than Rs 53 crore.
A preliminary charge-sheet was submitted before a court. All the four accused have already been arrested.
