Who Was the Economic Offender on the Run for Four Years Arrested in J&K’s Srinagar?

Synopsis
Key Takeaways
- Khalid Sahani was arrested after evading law enforcement for four years.
- The arrest highlights the commitment of the Economic Offences Wing to tackle financial crimes.
- Law enforcement agencies are collaborating to combat economic offenses linked to terrorism.
- The arrest sends a strong message to those involved in economic crimes.
- Khalid Sahani has been remanded to Central Jail Srinagar.
Srinagar, Oct 12 (NationPress) The Economic Offences Wing (EOW) of the Jammu and Kashmir crime branch announced on Sunday the apprehension of an offender who had eluded law enforcement for four years.
A statement from the EOW disclosed, "The Economic Offences Wing of the Crime Branch Kashmir has successfully captured an absconding economic offender who had been dodging the authorities for the last four years. The suspect, identified as Khalid Sahani, son of Farooq Sahani, hails from Reshi Mohalla, Khar Doori, Shaheed Gunj Srinagar. He was sought in connection with Case FIR No. 38/2018 filed at the Police Station Crime Branch Kashmir under Sections 419 and 420 of the Ranbir Penal Code (RPC)."
The arrest warrant was issued by the Court of Judicial Magistrate 1st Class, Vailoo, District Anantnag, on December 3, 2021, under Section 512 of the Code of Criminal Procedure (CrPC). Despite numerous attempts, Sahani successfully evaded capture for several years.
Following credible information, a specialized team from the Economic Offences Wing initiated a prompt operation on October 10, leading to the successful arrest of the suspect, as mentioned in the statement.
Post-arrest, the individual was presented before the Court, which ordered him to be held in judicial custody at Central Jail Srinagar.
According to a senior officer from the Crime Branch, this arrest underscores the department’s steadfast resolve to hold financial offenders accountable. No matter how long a perpetrator tries to remain at large, the law will inevitably prevail. This arrest serves as a stern warning to those engaged in economic crimes," the statement further noted.
Several investigative bodies, including the State Investigation Wing (SIA), National Investigation Agency (NIA), Enforcement Directorate (ED), and the EOW of J&K Crime Branch, have been conducting raids and searches to thwart high-profile economic crimes, many of which are interlinked with terrorism.
Additionally, drug traffickers, drug dealers, and hawala operators are under scrutiny by the J&K Police and security forces, as it is believed that the financial gains from these illegal activities are ultimately utilized to support terrorism in the Union Territory.