Srinagar, August: The Economic Offences Wing of the Crime Branch Kashmir (CBK) has filed a preliminary charge sheet in FIR No. 28/2025 under Sections 318(4), 316(5), read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023. The case, originally registered at Police Station Kangan and later transferred to the Economic Offences Wing, was submitted before the Hon’ble Judicial Magistrate 1st Class, Kangan.
According to official sources, the case stems from a complaint alleging that one Shahnawaz Ahmad Shah, son of Gh. Nabi Shah and resident of Rather Mohalla, Kangan—employed as a Probationary Officer at J&K Bank, Kangan Branch—approached the complainant with a fraudulent investment scheme. The complainant was enticed to invest in a financial plan that promised high returns through online trading.
After the FIR was registered, the investigation was handed over to the Crime Branch Kashmir for thorough examination.
During the investigation, it was revealed that the accused—Shahnawaz Ahmad Shah, his father Gh. Nabi Shah (son of Late Gh. Mohammad Shah), Rumaisa Jan (daughter of Gh. Nabi Shah), all residents of Rather Mohalla, Kangan, along with Amir Bashir Magray, son of Bashir Ahmad Magray and resident of Bonizal Haripora Kangan, District Ganderbal—were involved in a criminal conspiracy. Acting in collusion, they defrauded hundreds of unsuspecting individuals of over ₹53 crore through deceptive online trading schemes.
A preliminary charge sheet has now been formally submitted to the Hon’ble Court for judicial consideration.
It is pertinent to note that four of the accused have already been arrested in connection with the case, the statement added.
