Shazad demands Crime Branch probe in Mendhar ‘ponzi’ scheme

Excelsior Correspondent
JAMMU, May 19: Seeking immediate arrest of all the absconders involved in the fraud financial scheme that lured innocent investors from border town Mendhar and other nearby areas of district Poonch, Dr Shazad Malik, former Vice Chancellor of Sai Nath University, has appealed to the Governor Satya Pal Malik to transfer the probe of this fraud involving millions of rupees belonging to thousands of border residents to the Crime Branch.
“There is no denial that district Police Poonch is very competent but as this case involves such a huge money and the criminals belong to different districts or perhaps even to other States, thus only Crime Branch that have special expertise and technical resources and manpower can fairly handle this case and bring truth into light and ensure that all duped money is returned back to the poor people, he stressed.
He also asked banks and other financial institutes to conduct financial literacy awareness programs in Schools, Colleges and Panchayats to aware innocent people of far flung areas of the State to avoid such scams in future.

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