SRINAGAR: The Economic Offences Wing (Crime Branch Kashmir) on Wednesday carried out searches at multiple locations in Srinagar in connection with a high-value fraud case involving fake deposit certificates and promises of high returns on investments.
The searches are linked to FIR No. 11/2025 registered under Sections 420, 467, 468, 471, and 120-B of the Indian Penal Code at Police Station EOW-Srinagar. The case stems from an online complaint alleging that two individuals — Majid Nazir Najar, son of Nazir Ahmad Najar of Batamaloo, and Mubarak Ahmad Rather, son of Nissar Ahmad Rather of Gulshan Nagar, Gulposh Colony — duped the complainant by posing as authorised representatives of Adarsh Cooperative Society, SBI Life Insurance, and HDFC Insurance.
Investigators said the accused lured the complainant into investing in purported high-return deposit schemes, issuing fake and forged certificates as proof of investment. Subsequent verification revealed the documents were counterfeit.
Evidence gathered during the investigation confirmed the involvement of both accused, who have already been arrested and are in custody. Crime Branch officials said the ongoing searches aim to recover further evidence related to the fraudulent operations.
