Who Were The Two Arrested in J&K for Investment Fraud?
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Synopsis
In a significant operation, the Jammu and Kashmir Police's Economic Offences Wing has arrested two individuals implicated in a major investment fraud scheme in Srinagar. The accused promised high returns on investments but provided forged certificates. The public is urged to verify investment opportunities to avoid falling victim to such scams.
Key Takeaways
- Two individuals arrested for investment fraud in Srinagar.
- Accused promised high returns with fake certificates.
- The public urged to verify investment offers.
- Case registered under relevant legal provisions.
- The Economic Offences Wing is committed to tackling economic crimes.
Srinagar, Aug 6 (NationPress) The Economic Offences Wing (EOW) of the Jammu and Kashmir Police apprehended two individuals on Wednesday for deceiving a person under the guise of investment opportunities in the Srinagar district, according to officials.
An official announcement revealed that the EOW of the Jammu and Kashmir Crime Branch arrested two suspects identified as Majid Nazir Najar, son of Nazir Ahmad Najar and a resident of Batamaloo in Srinagar; and Mubarak Ahmad Rather, son of Nissar Ahmad Rather from Gulshan Nagar in Srinagar.
"These arrests were made during the investigation of case FIR 11/2025 for defrauding a complainant under the false pretense of investment in various deposit schemes," the announcement stated.
The suspects had assured substantial returns on investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance companies, while providing the complainant with deposit certificates.
Upon verification, the certificates were determined to be counterfeit and forged. The accused posed as authorized representatives and agents of various financial institutions, enticing the complainant to invest in these schemes.
A case has been registered under relevant legal provisions, and evidence has solidified the accused's involvement during the investigation. Both suspects are now in custody and undergoing further questioning.
The Kashmir Crime Branch remains committed to investigating economic crimes and ensuring that fraudsters face justice.
The public is urged to exercise caution and verify credentials before making any financial investments," the statement advised.
Reports indicate that the complainant was defrauded of several lakhs of rupees through these deceptive promises and by handing over forged investment certificates.
The Jammu and Kashmir Police Crime Branch, along with its EOW, specializes in investigating serious crimes, employing technical and specialized investigative skills to address offenses committed by white-collar criminals who often present themselves as ordinary businesspeople or professionals.
In many instances, victims fall prey to these schemes, lured by the promise of high returns on investments that typically exceed standard bank deposit rates.
Point of View
This incident underscores the urgent need for public awareness about investment scams. The Jammu and Kashmir Police's proactive measures reflect a commitment to protecting citizens from fraudulent activities while emphasizing the necessity for individuals to remain vigilant and informed when considering financial investments.
NationPress
19/08/2025
Frequently Asked Questions
What charges were the two men arrested for?
They were arrested for cheating an individual under the pretext of promising high returns on investments in various financial schemes.
How did the fraud occur?
The accused offered fake deposit certificates and claimed to be authorized representatives of financial institutions, luring the complainant to invest.
What should the public do to avoid such scams?
It is crucial for individuals to verify credentials and conduct thorough research before making any financial investments.
What actions are being taken against the accused?
A case has been registered, and both individuals are in custody while the investigation continues.
What is the role of the Economic Offences Wing?
The EOW investigates economic crimes and works to bring fraudsters to justice, using specialized investigative techniques.
