The Economic Offences Wing of Crime Branch Kashmir (CBK) has arrested two individuals in connection with a cheating case involving fraudulent investment schemes.
The accused have been identified as Majid Nazir Najar, son of Nazir Ahmad Najar, a resident of Batamaloo near Mehboob Public School, Srinagar, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather, from Gulshan Nagar, Gulposh Colony, the CBK said in a statement.
The case, registered under FIR No. 11/2025 at Police Station EOW (Crime Branch Kashmir), has been filed under Sections 420, 467, 468, 471, and 120-B of the IPC. According to officials, the duo duped a complainant by promising high returns on investments in various deposit schemes.
CBK officials said the accused falsely posed as authorised agents of several reputed financial institutions, including Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance. They reportedly issued fake deposit certificates to convince the victim to invest.
“Verification revealed that the certificates were forged. The accused misrepresented themselves as legitimate representatives of well-known financial companies to lure the complainant,” the statement said.
Following a detailed investigation, sufficient evidence emerged confirming their involvement, and both suspects were taken into custody for further questioning.
Crime Branch Kashmir reiterated its commitment to tackling economic offences and bringing fraudsters to justice. The public has been advised to remain vigilant, verify credentials, and carry out proper checks before making any financial investments.
