Did J&K Crime Branch Just File Charges in a Rs 1.66 Crore Fake Property Case?
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Synopsis
In a significant development, the Economic Offences Wing of J&K Crime Branch has charged four individuals in connection with a fraudulent property deal worth Rs 1.66 crore. This case highlights the vulnerabilities in real estate transactions and the necessity for vigilance.
Key Takeaways
- Charges filed against four individuals for property fraud.
- Fraudulent transaction amounting to Rs 1.66 crore.
- Victims did not receive property or refunds.
- Investigation revealed a criminal conspiracy.
- Legal proceedings initiated in Chief Judicial Magistrate Court.
Srinagar, Nov 25 (NationPress) The Economic Offences Wing of Jammu and Kashmir Crime Branch has announced the filing of a chargesheet against four individuals involved in a fraudulent property transaction amounting to Rs 1.66 crore. According to a statement from the Crime Branch, the chargesheet was submitted on Tuesday to the Court of Chief Judicial Magistrate in Srinagar against the following accused: Abdul Wahid Khan from Khan Mohalla, Baghat-e-Barzulla, Srinagar; Mohammad Yousuf Malik from Nai Sarak Habba Kadal, currently residing in Natipora Srinagar; Mohammad Ashraf Mir from Hakhripora Pulwama; and Mohammad Maqbool Shah from Peerbagh Srinagar.
It was reported by the complainants that they were looking to purchase a house with ample land when these accused, masquerading as property dealers, approached them.
According to the allegations, the accused showcased a double-storey house situated on one kanal and five marlas of land at Chinar Colony, Baghat-i-Barzulla, which belonged to Mst. Koshaliya, the widow of Jawahar Lal Rafiz. They persuaded the complainants to pay Rs 1.16 crore by creating a fraudulent sale agreement for the migrant property.
Subsequently, it is alleged that the accused inflated the sale price, collecting an additional Rs 50 lakh, culminating in a total of Rs 1.66 crore.
The complainants did not receive possession of the property, nor were they refunded their payment. Investigations have confirmed that the accused orchestrated a criminal conspiracy and forged documents to unlawfully acquire the complainants' hard-earned money.
The Crime Branch stated, "A chargesheet in FIR No. 14/2018 under Sections 420, 468, 471 in conjunction with 120-B RPC has been filed before the Hon’ble Court for judicial review." During the proceedings, the Court has ordered the remand of two accused, Mohammad Yousuf Malik and Mohammad Maqbool Shah, to judicial custody.
Point of View
I believe this case underscores the urgent need for greater transparency and accountability in property transactions. The allegations highlight systemic vulnerabilities that can exploit unsuspecting buyers. We must advocate for stricter regulations to protect consumer interests and restore trust in the real estate market.
NationPress
25/11/2025
Frequently Asked Questions
What is the amount involved in the fraud?
The fraud is linked to an amount of Rs 1.66 crore.
Who are the accused in this case?
The accused are Abdul Wahid Khan, Mohammad Yousuf Malik, Mohammad Ashraf Mir, and Mohammad Maqbool Shah.
What charges have been filed against the accused?
The charges filed include Sections 420, 468, 471, and 120-B of the RPC.
What was the nature of the fraud?
The fraud involved misrepresenting a property and obtaining money under false pretenses.
Has the court taken any action against the accused?
Yes, the court has remanded two of the accused to judicial custody.
