Srinagar: The crime branch Kashmir on Wednesday said that its The Economic Offences Wing conducted multiple raids across Srinagar district.
In a statement, the CBK said that its The Economic Offences Wing today carried out searches at multiple locations in district Srinagar in connection with case FIR No. 11/2025 under Section 420, 467, 468, 471, 120-B IPC of P/S EOW-S (Crime Branch Kashmir).
The brief facts of the case are that Crime Branch Kashmir received an online complaint, wherein it was alleged that the complainant has been duped/ cheated by two fraudsters namely Majid Nazir Najar, son of Nazir Ahmad Najar, a resident of Batamaloo near Mehboob Public School and Mubarak Ahmad Rather, son of Nissar Ahmad Rather of Gulshan Nagar, Gulposh Colony, who promised high returns on investment in Adarsh Cooperative Society, SBI Life insurance and HDFC Insurance companies and provided the complainant with deposit certificates.
However, during investigation, the certificates were found to be fake and forged. The accused persons projected themselves as authorised representatives and agents working with various financial institutions and lured complainant to make investments in various deposit schemes.
A case was registered under relevant sections of law, and during the course of investigation, evidence confirmed the involvement of both the accused. Both persons were already taken into custody for further investigation.
House searches at multiple locations linked to the accused already arrested in the case are currently being carried as part of the ongoing investigation, reads the statement. (GNS)
