Srinagar, Dec 20: As the multi-crore scam has come to light in the Kashmir Valley, leaving scores of investors duped by a private firm operating in Srinagar and other parts of the region, Divisional Commissioner of Kashmir, Vijay Kumar Bidhuri, on Wednesday, said those who were involved in the scam won’t go unpunished.
Assuring the public that security agencies are actively investigating the matter from all possible angles.
Expressing concern over the increasing prevalence of online fraud, Bidhuri highlighted the need for people to verify details before engaging in financial transactions. He remarked, “Today we all know online frauds and scams have taken a new pace. Earlier people were visiting offices physically, and there were fewer chances of deception, but today you can be an easy victim of online fraud. So people should verify details first before they deal with anyone.”
Divisional Commissioner sternly stated that those responsible for the money-doubling scam would not go unpunished, and security agencies have been activated to ensure a thorough investigation. “There is no company in the world that can double the money in weeks. There is no shortcut for success, and people should keep strict vigilance on such scams,” he added.
The scam came to light when a South Kashmir-based YouTuber exposed the fraudulent activities of the company through a video. Following the video, investors visited the company’s head office only to find it locked. Scores of people from different parts of the Kashmir Valley have reported being duped, leading to protests in Srinagar urging the administration to intervene and help them recover their hard-earned money.
Bidhuri urged people to exercise caution and stay away from fraudsters, highlighting that the incident serves as an eye-opener for everyone. He concluded by stating that the investigation is ongoing, with authorities looking into all aspects of the case.
