Srinagar, July 30: The Crime Branch Kashmir (CBK) has filed a chargesheet against four accused in connection with an alleged ₹15 lakh fraud in which a man was duped on the pretext of investing in a fake cooking oil company.
According to officials, the chargesheet was filed before the competent court after the investigation found sufficient evidence against the accused for their alleged involvement in cheating and criminal conspiracy. The case pertains to a fraudulent scheme in which the complainant was persuaded to invest around ₹15 lakh with the promise of high returns from a purported cooking oil business.
Investigators said the accused allegedly misrepresented themselves and projected the company as a genuine business venture to gain the victim’s confidence. After collecting the money, they failed to honour their commitments, prompting the victim to approach the Crime Branch.
The accused have been identified as Mohd Amin Bhat, son of Mohd Afzal Bhat, a resident of Khanyar, Srinagar, Khalid, a resident of Modipuram, Meerut (Uttar Pradesh), and two other associates named in the chargesheet.
Following a detailed investigation, the Crime Branch concluded that the accused had allegedly hatched a criminal conspiracy to cheat the complainant and filed the chargesheet under the relevant provisions of law before the competent court for trial.
The Crime Branch has advised the public to exercise caution before investing in private companies or business schemes and to verify the authenticity of firms and investment offers to avoid falling victim to financial fraud.
