Excelsior Correspondent
JAMMU, Nov 15: Jammu and Kashmir Police have recovered Rs 2.27 crores in a major cyber fraud case registered at Police Station Nagrota after an online trading scam wiped out the savings and loan amount of a Jammu resident.
A police official said that the case started on April 10, 2025, after a written complaint was filed by one Khalid Hassan of Dalpatian Mohalla, who reported that over Rs 2 crores invested by his brother through the ICICI Securities applications had been fraudulently siphoned off by unknown persons.
He said that the complainant had taken a loan of Rs 54 lakh from J&K Bank on April 8 after receiving a call from his brother seeking urgent financial help.
However, two days later, the family discovered that the entire amount, including the loan money, had been withdrawn by online fraudsters, he said.
According to the police official, the victim was advised to file a report through the National Cyber Crime Helpline 1930, and the complaint was formally registered on the NCCRP portal under acknowledgement number 31404250002762.
He said the police teams analysed the bank statements of the victim and suspected accounts, revealing that the money had been routed through several bank accounts opened and operated by the fraudsters.
The police official added that the swift action by the investigators led to freezing these accounts, and on the directions of the court, the embezzled funds were remitted back, ensuring a recovery of Rs 2.27 Crores.
Further examination of Customer Application Forms, KYC documents and transaction trails helped establish that the suspects were operating in a coordinated criminal conspiracy, luring victims with promises of high returns through fraudulent trading activities, he said.
He further said that Jammu and Kashmir Police have so far identified thirteen suspects involved in the racket and are preparing to arrest them.
Meanwhile, Police Station Nagrota has registered an FIR number 214/2025 under sections 318(4) and 61(2) of the BNS, along with section 66-D of the Information Technology Act, 2008, while the investigation is continuing, with multiple police teams working to track down and apprehend the accused across different States.
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