Have the J&K Crime Branch Charged Four in an Online Financial Fraud Case?
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Synopsis
Uncover the shocking details of a multi-crore online financial scam in Ganderbal district, where four individuals have been charged by the J&K crime branch. How did this deception unfold, and what were the implications for the victims? Dive into the intricacies of this case that has shaken the local community.
Key Takeaways
- Four individuals charged in a major online financial fraud case.
- The fraud amounted to over Rs 53 crore.
- The Economic Offences Wing is actively investigating the case.
- Victims were lured with promises of high returns from investments.
- Swift actions by the crime branch indicate a strong stance against financial fraud.
Srinagar, Aug 8 (NationPress) The Economic Offences Wing of the Jammu and Kashmir crime branch has filed a charge sheet against four individuals involved in a significant online financial fraud case in Ganderbal district.
A statement released on Friday by the Economic Offences Wing (Crime Branch Kashmir) revealed that a preliminary charge sheet in Case FIR No. 28/2025 was submitted to the Court of Judicial Magistrate 1st Class, Kangan, Ganderbal district, under Sections 318(4), 316(5) along with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023, after a thorough investigation.
According to the police, the case emerged from a complaint alleging that Shahnawaz Ahmad Shah, son of Gh. Nabi Shah and a resident of Rather Mohalla Kangan, who works as a Probationary Officer at J&K Bank, Branch Kangan, approached the complainant with a deceitful investment proposition. The complainant was enticed to invest in a financial scheme that claimed to offer high returns through online trading.
After the case was registered, it was transferred to the Crime Branch Kashmir for a comprehensive investigation.
During the investigation, it was uncovered that the accused—Shahnawaz Ahmad Shah, Gh. Nabi Shah, Rumaisa Jan (daughter of Gh. Nabi Shah), all residents of Rather Mohalla, Kangan, along with Amir Bashir Magray (who resides in Bonizal Haripora Kangan, District Ganderbal)—conspired together to defraud numerous innocent victims, amassing over Rs 53 crore through fraudulent online financial trading schemes.
The investigation led to the arrest of the four accused.
“A preliminary charge sheet has been filed in the matter for judicial review. Notably, all four accused individuals have already been apprehended,” the press statement indicated.
It is crucial to note that this group was responsible for enticing many locals in the district with promises of lucrative returns from online financial investment schemes. It is suspected that the fraudulently acquired funds were deposited in bank accounts and invested in land purchases and the construction of multi-storey complexes by the perpetrators.
Point of View
This case highlights the increasing prevalence of online financial fraud schemes targeting unsuspecting individuals. The swift action taken by the J&K Crime Branch showcases the importance of law enforcement in combating such fraudulent activities, ensuring justice for the victims. As the nation grapples with the digital age, it is essential for citizens to remain vigilant to protect themselves from financial scams.
NationPress
20/08/2025
Frequently Asked Questions
What is the nature of the fraud case?
The case involves a multi-crore online financial fraud where individuals were deceived into investing in bogus financial schemes promising high returns.
How many people were involved in the fraud?
Four individuals have been charged in connection with this financial fraud case.
What actions have been taken by the crime branch?
The Economic Offences Wing of the Jammu and Kashmir crime branch has conducted an investigation and filed a charge sheet against the accused.
What was the amount involved in the fraud?
The fraud has resulted in a loss of over Rs 53 crore to the victims.
Where did this incident occur?
The incident took place in Ganderbal district, Jammu and Kashmir.
