The Jammu and Kashmir Police have successfully dismantled a large-scale transnational online investment scam, resulting in the arrest of nine individuals. The investigation began after Firdous Ahmad Mir filed a complaint alleging identity theft and cheating by an online fraud gang.
A Special Investigation Team (SIT), led by Khalil Ahmad Poswal, was formed to probe the case. Their investigation uncovered a network of online websites designed to lure unsuspecting investors. Funds were routed through bank accounts in Budgam and Srinagar before being siphoned into international money laundering networks.
The primary handler, Ekant Yogdutt, known online as ‘Dr. Morphine,’ has been arrested. He is reportedly connected to Chinese nationals and acquired fraudulent techniques while pursuing his MBBS in the Philippines. The scam exploited local account holders and bank employees who provided QR codes to facilitate transactions.
Authorities confirmed that the fraud has already netted Rs 209 crore, with estimates expected to exceed Rs 400 crore following verification. Police have urged the public to remain vigilant, avoid schemes promising unrealistically high returns, and report suspicious activity to cybercrime portal
