The Economic Offences Wing of Crime Branch Kashmir has filed a preliminary chargesheet in Case FIR No. 28/2025 under Sections 318(4), 316(5) read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023, registered at Police Station Kangan and later transferred to the Economic Offences Wing. The chargesheet was submitted before the Court of Judicial Magistrate 1st Class, Kangan.
According to a press release issued to Rising Kashmir, the case began after a complaint alleged that one Shahnawaz Ahmad Shah, son of Gh. Nabi Shah, resident of Rather Mohalla, Kangan, and working as a Probationary Officer at J&K Bank’s Kangan branch, approached the complainant with a fraudulent investment proposal. The complainant was persuaded to invest in a scheme that promised high returns through online trading.
After registration, the case was handed over to Crime Branch Kashmir for detailed investigation.
The probe revealed that the accused—Shahnawaz Ahmad Shah, his father Gh. Nabi Shah, and Rumaisa Jan (daughter of Gh. Nabi Shah), all residents of Rather Mohalla, Kangan, along with Amir Bashir Magray, son of Bashir Ahmad Magray, resident of Bonizal Haripora, Kangan, District Ganderbal—conspired together to cheat hundreds of people. They allegedly defrauded victims of over ₹53 crore through deceptive online financial trading schemes.
The preliminary chargesheet has now been filed before the court for judicial proceedings. Notably, four accused persons have already been arrested in the case. (Agencies)
