Two held by Crime Branch for defrauding investor with fake deposit schemes

Srinagar, Aug 06: The Economic Offences Wing of Crime Branch Kashmir has arrested two individuals for defrauding an investor with fake deposit schemes.According to a statement issued here, the two individuals–namely Majid Nazir Najar, son of Nazir Ahmad Najar, resident of Batamaloo near Mehboob Public School Srinagar, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather, resident of Gulshan Nagar, Gulposh Colony, were arrested in connection with case FIR No. 11/2025 under Sections 420, 467, 468, 471, and 120-B IPC of Police Station EOW (Crime Branch Kashmir), for defrauding a complainant on the pretext of investment in various deposit schemes.The accused individuals had promised high returns on investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance companies, and provided the complainant with deposit certificates. However, upon verification, the certificates were found to be fake and forged. The accused had projected themselves as authorised representatives and agents working with various financial institutions and lured the complainant into making investments in these fraudulent deposit schemes. A case was registered under the relevant sections of law, and during the course of investigation, evidence confirmed the involvement of the accused. Both individuals have been taken into custody and are being further questioned. Crime Branch Kashmir continues its efforts to investigate economic crimes and bring fraudsters to justice. The general public is advised to remain cautious and verify the credentials of individuals before making any financial investments