EOW Kashmir files chargesheet in Rs 2 crore investment fraud case
Reported by kashmirreader.com, not nibnow. We are not the publisher of this story, only the source is.
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The Economic Offences Wing in Kashmir has submitted a formal legal document against a resident of Budgam regarding a suspected investment scam. Prosecutors allege that the individual deceived investors by guaranteeing monthly returns of ten percent, resulting in total financial losses estimated at two crore rupees. Law enforcement authorities apprehended the suspect in Bengaluru and subsequently transferred him to Srinagar, where he is currently held in custody. The case highlights ongoing efforts by regional crime branches to address fraudulent financial schemes that target local investors with unrealistic profit promises.