Srinagar: The Crime Branch Kashmir (CBK) on Wednesday stated that its Economic Offences Wing (EOW) conducted multiple raids across Srinagar district.
According to sources, the raids were carried out in connection with FIR No. 11/2025 under Sections 420, 467, 468, 471, and 120-B of the IPC at P/S EOW-S (Crime Branch Kashmir).
The case arose from an online complaint alleging that two fraudsters, Majid Nazir Najar (S/o Nazir Ahmad Najar, Batamaloo) and Mubarak Ahmad Rather (S/o Nissar Ahmad Rather, Gulshan Nagar, Gulposh Colony), cheated the complainant by promising high returns on investments in Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance. The accused provided deposit certificates, which were later found to be forged. They falsely claimed to be authorized agents of various financial institutions to lure the complainant into investing.
A case was registered under the relevant sections, and investigations confirmed the involvement of both accused, who have already been taken into custody.
House searches are currently being conducted at multiple locations linked to the arrested individuals as part of the ongoing probe, the statement said.
