₹1.66 Crore Fraud Case: Chargesheet Filed Against Four Accused in Fake Property Deal: Crime Branch Kashmir

Srinagar: The Economic Offences Wing of Crime Branch Kashmir on Tuesday said that it has filed a charge sheet before the Court of Chief Judicial Magistrate, Srinagar, against four accused individuals Abdul Wahid Khan S/o Abdul Qayoom Khan R/o Khan Mohalla, Baghat-e-Barzulla Srinagar; Mohammad Yousuf Malik S/o Late Mohammad Ramzan Malik R/o Nai Sarak Habba Kadal Srinagar A/P Natipora Srinagar; Mohammad Ashraf Mir S/o Ghulam Nabi Mir R/o Hakhripora Pulwama; and Mohammad Maqbool Shah S/o Late Shamas-ud-din Shah R/o Peerbagh Srinagar.

In a handout to GNS, the CBK said that the case originated from a complaint alleging that the complainants, who intended to purchase a house with sufficient land, were approached by these accused persons posing as property dealers. The accused allegedly presented a double-storey house with one kanal and five marlas of land at Chinar Colony, Baghat-i-Barzulla, owned by Mst. Koshaliya Wd/o Jawahar Lal Rafiz, and induced the complainants to pay Rs. 1.16 crore by preparing false agreement to sell migrant property.

It is further alleged that the accused subsequently have inflated the sale price and extracted an additional Rs. 50 lakh, bringing the total amount to Rs. 1.66 crore. The complainants were neither handed possession of the property nor refunded their money. Investigation established that the accused hatched a criminal conspiracy and executed fraudulent documents to misappropriate the complainants’ hard-earned money.

Accordingly, a charge sheet in FIR No. 14/2018 under Sections 420, 468, 471 read with 120-B RPC has been filed before the Hon’ble Court for judicial determination.

During the course of proceedings, the Hon’ble Court has remanded two of the accused namely Mohammad Yousuf Malik S/o Late Mohammad Ramzan Malik R/o Nai Sarak Habba Kadal Srinagar A/P Natipora Srinagar and Mohammad Maqbool Shah S/o Late Shamas-ud-din Shah R/o Peerbagh Srinagar to judicial lock-up.

The Economic Offences Wing of Crime Branch Kashmir remains committed to bringing fraudsters and economic offenders to justice and urges the public to remain vigilant against such fraudulent activities, reads the statement.(GNS)