Srinagar, Aug 06: The Economic Offences Wing of Crime Branch Kashmir has arrested two individuals for cheating a complainant on the pretext of investment in various deposit schemes. The duo was detained in connection with FIR No. 11/2025, registered under Sections 420, 467, 468, 471, and 120-B of the IPC at Police Station Economic Offences Wing (Crime Branch Kashmir).
The Crime Branch Kashmir has identified the duo as Majid Nazir Najar, son of Nazir Ahmad Najar, resident of Batamaloo near Mehboob Public School, Srinagar, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather, resident of Gulshan Nagar, Gulposh Colony. In a statement, an official spokesperson stated, “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,”
Further, he said, 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.
Furthermore, he said 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.