by Iqra Akhoon
SRINAGAR: Following the revelation of the Money-Doubling scam, the people of Jammu and Kashmir now find themselves in a state of frenzy. Authorities, taking note of the situation, have initiated investigations.
“The Company was registered in July 2023, and it is barely six months old,” Haamid Bukhari, Registrar of Companies in Jammu and Kashmir said. “The Company’s role as per the registration is renting machinery and equipment without operator and, personal and household goods.”
Bukhari emphasised the unauthorised nature of the company’s activities, asserting, “They were not authorised to do what they have been doing and that too from a time when the entity was not even registered.”
Highlighting the Registrar of Companies’ responsibility in overseeing company operations, Bukhari explains, “ROC may collaborate with the Crime Branch after seeing the modus operandi.” Records indicate that Curative Surveys, at the centre of the controversy, has its registered office in Jammu and is co-directed by individuals hailing from Tamil Nadu.
The company operates across various districts of Kashmir under the name The Curative Surveys. The exposure of the company’s scam originated from a video by ‘Nafxx Tech,’ a Facebook page owner. Within a day of the video release, the company vanished, prompting investor protests.
Claiming to offer a monthly return of Rs 3000 to those who invested Rs 4999, the company attracted investments amounting to several lakhs. Investors allege receiving the promised returns. Reports suggest that the company has scammed a staggering Rs 59 Crores.
(Maleeha Majeed Sofi Processed the Interview)
