Srinagar, August 06: The Economic Offenses Wing of Crime Branch Kashmir has arrested two persons for cheating a complainant on the pretext of investment in various deposit schemes. Both were detained in connection with FIR No. 11/2025, which was registered under Section 420, 467, 468, 471 and 120-B of IPC in the Police Station Economic Offense Wing (Crime Branch Kashmir).
The crime branch Kashmir has identified the pair as Majid Nazar, who is the son of Nazir Ahmed Nazar, a resident of Batamalu near Mehboob Public School, Srinagar and Mubarak Ahmed, but a resident of Nisar Ahmed’s son, Gulshan Nagar, Galfozoli. In a statement, an official spokesperson said, “The accused persons promised higher returns on investment in the Adarsh Cooperative Society, SBI Life Insurance and HDFC insurance companies and provided the complainant with a deposit certificate. However, during verification, the certificates were found to be fake and fake.
In addition, he said, a case was registered under the relevant sections of the law, and during the investigation, the evidence confirmed the involvement of the accused. Both persons were taken into custody and are being asked further.
In addition, he said that Crime Branch Kashmir has continued his efforts to investigate economic crimes and to get justice to the fraudsters. The general public is advised to be cautious before making any financial investment and verify the credentials.