The Economic Offences Wing of Crime Branch Kashmir has arrested two individuals for allegedly cheating a complainant by promising high returns on investments in various deposit schemes.
The accused have been identified as Majid Nazir Najar, son of Nazir Ahmad Najar from Batamaloo near Mehboob Public School, Srinagar, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather from Gulshan Nagar, Gulposh Colony. They were arrested in connection with FIR No. 11/2025 registered under Sections 420, 467, 468, 471, and 120-B IPC at the Economic Offences Wing (Crime Branch Kashmir).
According to the statement, the accused promised high returns through investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance companies, providing the complainant with deposit certificates. However, upon verification, these certificates were found to be fake and forged. The accused posed as authorized agents of these financial institutions and lured the complainant to invest in their schemes.
A case was registered under the relevant legal provisions, and subsequent investigations confirmed the accused’s involvement. Both accused have been taken into custody and are being interrogated further.
Crime Branch Kashmir reiterated its commitment to investigate economic crimes and bring offenders to justice. The public is advised to exercise caution and verify credentials before making any financial investments.
