The Economic Offences Wing (EOW) of the Crime Branch Kashmir has apprehended businessman Mudasir Ahmad Wani in a large-scale fraud case worth over Rs4 crore, officials confirmed on Tuesday.
Wani was arrested from the Badamwari, Hawal area of Srinagar and faces charges under Section 318(4) of the Bharatiya Nyaya Sanhita (BNS). Authorities said the case is being actively pursued by the Crime Branch Kashmir.
The investigation began after a written complaint was filed at Police Station Karan Nagar, alleging that Wani and his associate Omar Khan, linked to M/S Gold Hub, had accepted substantial prepayments from customers for gold purchases but failed to deliver the products or issue refunds.
Documentary evidence has reportedly substantiated the allegations, leading to Wani’s arrest. Officials stated that further investigations are underway to identify and trace other individuals who may be connected to the fraudulent operation.
