J&K Crime Branch arrests ₹2 crore investment fraud accused from Bengaluru
Synopsis
J&K's Economic Offences Wing tracked a ₹2 crore investment fraud suspect all the way to Bengaluru — nearly a year after he vanished following allegations of luring investors with promises of 10% monthly returns through a fake e-commerce venture. The cross-state arrest signals a sharpening of EOW Kashmir's reach beyond the region.
Key Takeaways
The EOW Kashmir of the J&K Crime Branch arrested Junaid-Ul-Islam of Charar-e-Sharief, Budgam from Mangammanapalya, Bengaluru on 24 August .
The accused allegedly collected around ₹2 crore from multiple investors by posing as an e-commerce company investor and promising 10% monthly returns .
Funds were reportedly routed through multiple bank accounts , after which the accused became unresponsive to investors.
The arrest was made under a warrant issued by the 4th Additional Munsiff Judicial Magistrate, Srinagar ; case registered as FIR No.
07/2025 under Section 420 RPC/IPC .
The EOW has advised citizens to verify investment credentials and report suspected financial fraud to authorities.
The Economic Offences Wing (EOW) Kashmir of the Jammu & Kashmir Crime Branch has arrested a fraud accused from Bengaluru in connection with a ₹2 crore investment scam, officials confirmed on 24 August. The suspect had allegedly been evading arrest for nearly a year before being tracked down in the Karnataka capital.
Who Was Arrested and Where
The accused, identified as Junaid-Ul-Islam, son of Nazir Ahmad Baba, a resident of Alamdar Colony, Phase 1, Charar-e-Sharief, Budgam, was apprehended from Mangammanapalya, Bengaluru. The arrest was carried out in compliance with a warrant issued by the Court of the 4th Additional Munsiff Judicial Magistrate, Srinagar.
Junaid-Ul-Islam was wanted in FIR No. 07/2025, registered under Section 420 RPC at Police Station EOW Kashmir. According to investigators, he had been evading law enforcement for close to a year before the cross-state operation brought him into custody.
How the Fraud Was Allegedly Carried Out
According to investigators, the case was registered after a preliminary inquiry substantiated allegations of cheating and financial fraud. The accused allegedly presented himself as an investor affiliated with an e-commerce company, promising monthly returns of 10 per cent — a figure well above any regulated financial instrument in India.
Investigators found that the collected funds, totalling approximately ₹2 crore, were routed through multiple bank accounts. Once the money was received, the accused reportedly stopped honouring commitments and became unresponsive to investors, leaving several individuals without recourse.
What Investigators Found
The EOW said the probe prima facie established that Junaid-Ul-Islam had dishonestly obtained substantial sums by promising unusually high guaranteed returns — conduct disclosing an offence punishable under Section 420 IPC. The use of multiple bank accounts to receive funds suggests a structured approach to concealing the money trail, according to officials.
This is not an isolated pattern in the region. Investment fraud cases involving promises of high monthly returns — often linked to e-commerce or cryptocurrency fronts — have been on the rise across Jammu & Kashmir, mirroring a broader national trend of digital financial scams targeting small investors.
EOW Advisory and Investigation Status
The EOW Kashmir has issued a public advisory urging citizens to remain vigilant against schemes offering unusually high or guaranteed returns. Residents have been urged to verify the credentials of individuals and companies before investing, avoid transferring money on unverified assurances, and report suspected fraud to authorities promptly.
Further investigation in the case is underway, officials said. The EOW is the dedicated wing of the J&K Crime Branch handling high-profile economic offences using technology-backed investigative methods.
Point of View
Often unfamiliar with regulated financial products, remain easy targets for schemes dangling double-digit monthly returns. The 10% monthly promise — implying 120% annual returns — is a textbook red flag that due-diligence advisories alone cannot address. What this case also reveals is the lag between fraud registration and arrest; nearly a year of evasion points to gaps in inter-state coordination that the EOW has now, at least in this instance, managed to bridge. Whether the investigation can recover investor funds — not just secure a conviction — will be the real measure of success.
NationPress
24 Aug 2026
Frequently Asked Questions
Who was arrested by the J&K Crime Branch EOW in the ₹2 crore fraud case?
The arrested accused is Junaid-Ul-Islam, son of Nazir Ahmad Baba, a resident of Alamdar Colony, Phase 1, Charar-e-Sharief, Budgam. He was apprehended from Mangammanapalya, Bengaluru, nearly a year after allegedly evading arrest.
What was the nature of the investment fraud?
According to investigators, the accused allegedly collected around ₹2 crore from multiple individuals by presenting himself as an investor linked to an e-commerce company and promising monthly returns of 10 per cent. He reportedly became unresponsive after receiving the funds.
Under which legal sections was the case registered?
The case was registered as FIR No. 07/2025 under Section 420 RPC at Police Station EOW Kashmir, which pertains to cheating and dishonestly inducing delivery of property. The EOW also cited Section 420 IPC in its findings.
Why is the EOW Kashmir significant in this case?
The EOW is the specialised wing of the J&K Crime Branch that handles high-profile economic offences using technology-backed investigative methods. Its ability to track and arrest the accused in Bengaluru highlights its cross-state operational reach.
What advisory has the EOW issued to the public?
The EOW has advised citizens to verify the credentials of individuals and companies before investing, avoid transferring money on unverified assurances, and promptly report suspected cases of financial fraud or cheating to the authorities.
