The Economic Offences Wing of Crime Branch Kashmir has arrested two individuals accused of cheating a complainant by fraudulently promising high returns on investments through various deposit schemes.
The accused have been identified as Majid Nazir Najar, son of Nazir Ahmad Najar, resident of Batamaloo near Mehboob Public School, Srinagar, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather, resident of Gulshan Nagar, Gulposh Colony.
According to police, the duo misled the complainant by posing as authorized representatives and agents of reputed financial institutions, including Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance. They provided the complainant with fake and forged deposit certificates to gain trust.
An FIR (No. 11/2025) has been registered under Sections 420 (cheating), 467 (forgery), 468 (forgery for purpose of cheating), 471 (using forged documents), and 120-B (criminal conspiracy) of the Indian Penal Code at the Economic Offences Wing Police Station.
Investigations confirmed the involvement of the accused, who were subsequently arrested and are currently under interrogation. The Crime Branch Kashmir continues to probe the case to uncover any further links or accomplices.
Authorities urge the public to exercise caution and verify the authenticity of financial investment offers before committing funds.
