Crime Branch Kashmir files chargesheet in Rs 53 crore fraud case

Ganderbal, August 08: The Economic Offences Wing of Crime Branch Kashmir has filed a preliminary chargesheet against four persons — including a J&K Bank officer — involved in a multi-crore online financial fraud case, officials said on Friday.

In a statement, an official spokesperson told Greater Kashmir, “The Economic Offences Wing (Crime Branch Kashmir) has filed a preliminary chargesheet in Case FIR No. 28/2025 under Sections 318(4), 316(5) read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023, of Police Station Kangan (transferred to the Economic Offences Wing) before the Hon’ble Court of Judicial Magistrate 1st Class, Kangan.”

The statement further said, “The case originated from a complaint wherein it was alleged that one Shahnawaz Ahmad Shah, S/o Gh. Nabi Shah, R/o Rather Mohalla Kangan, working as Probationary Officer, J&K Bank, Branch Kangan, approached the complainant with a fraudulent investment proposal. The complainant was lured into investing in a financial scheme promising lucrative returns through online trading.”

Following the registration of the case, the matter was transferred to Crime Branch Kashmir for an in-depth investigation.

During the investigation, CBK identified the accused individuals as Shahnawaz Ahmad Shah, S/o Gh. Nabi Shah; Gh. Nabi Shah, S/o Late Gh. Mohammad Shah; Rumaisa Jan, D/o Gh. Nabi Shah — all residents of Rather Mohalla, Kangan — and Amir Bashir Magray, S/o Bashir Ahmad Magray, R/o Bonizal Haripora Kangan, District Ganderbal.

It was found that the accused, in connivance with one another, hatched a criminal conspiracy and cheated hundreds of innocent people of more than ₹53 crore through fraudulent and dishonest means, under the pretext of online financial trading schemes.

Accordingly, a preliminary chargesheet in the matter has been submitted before the Hon’ble Court of Law for judicial determination.

It is pertinent to mention that the four accused individuals have already been arrested in the case.