Excelsior Correspondent
SRINAGAR, Aug 13:The Economic Offences Wing (Crime Branch Kashmir) today carried out searches at multiple locations in Srinagar in connection with an investment fraud case.
A police spokesman said that the case was registered after the agency received an online complaint alleging that two persons – 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, a resident of Gulshan Nagar, Gulposh Colony- cheated the complainant by promising high returns on investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance.
“The complainant was provided with deposit certificates which, during the course of investigation, were found to be fake and forged,” the spokesperson said.
He added that the accused projected themselves as authorized representatives and agents of various financial institutions and lured the complainant into investing in different deposit schemes.
According to the spokesperson, evidence collected during the investigation confirmed the involvement of both accused, who have already been taken into custody for further investigation.
The houses of the accused were searched today at multiple locations linked to the arrested individuals as part of the ongoing probe.
He added that the searches are being conducted in case FIR No. 11/2025 registered under Sections 420, 467, 468, 471, and 120-B of the Indian Penal Code at Police Station Economic Offences Wing-South (Crime Branch Kashmir).
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