Srinagar, Aug 6(KNS): The Economic Offences Wing of Crime Branch Kashmir has arrested two persons for allegedly duping a complainant on the pretext of investment in various deposit 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, a resident of Gulshan Nagar, Gulposh Colony.
According to officials, the duo promised high returns on investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance, and issued deposit certificates to the complainant.Click Here To Follow Our WhatsApp ChannelVerification revealed that the certificates were fake and forged.
The accused had posed as authorized representatives of reputed financial institutions to lure the victim.
A case under Sections 420, 467, 468, 471, and 120-B of the IPC was registered at Police Station EOW, and evidence collected during the investigation confirmed their involvement. Both men are in custody and are being questioned further.
Crime Branch Kashmir has urged the public to verify credentials before making financial investments.(KNS).