Srinagar- In a significant development, the Special Investigation Team (SIT) of the Jammu and Kashmir Police’s cyber wing arrested one non-local individual from Tamil Nadu on Sunday in connection with its ongoing investigation into an alleged multi-crore investment scam.
In a statement, a police spokesperson said that the arrest was carried out based on the victims’ testimony and a range of digital and technological evidence. The individual apprehended from Tamil Nadu has been placed under police remand.
According to police, the team investigating the scam has also identified six more accused, all non-residents of Jammu and Kashmir.
“Different police teams were constituted to arrest the accused. Based on the statement of victims, technical and digital evidence, the SIT identified six accused persons, all outside residents of the J&K UT. One accused person has been arrested by the SIT from Tamil Nadu and is taken on police remand. Efforts are afoot to arrest the remaining accused persons also,” the spokesperson said.
“The fraudulent investment agency had deceived the subscribers after persuading them to invest their hard-earned money with fake promises of returns. After misrepresenting and cheating, the company became unresponsive, leaving subscribers in the dark and leading to chaos, anguish, and protests,” he said.
A formal case FIR No. 39/2023 under Section 66D of the IT Act and IPC Section 420 was registered at Cyber Police Station in Kashmir Zone-Srinagar, as soon as the police learnt that a bogus company operating under the name of ‘Curative Survey Private Limited’ scammed and cheated the unsuspecting individuals through a fraudulent website by falsely promising them significant returns on their investments.
“During the course of investigation, it was discovered that the company had opened six offices in the Kashmir Valley and one regional office in Jammu in the month of January–February 2023. All seven offices were subsequently searched, sealed and the incriminating evidence found in these offices was seized and sent to the FSL for analysis and expert opinion,” the police said.
According to the statement, several employees of the company from across Jammu and Kashmir were identified, examined and their statements recorded. Additionally, a number of victims also approached SIT and their statements were recorded.
“The efforts are on to arrest the remaining accused,” the police said, adding that the extent of financial loss to victims is being assessed by collection of related evidence and the statement of witnesses.
“All the company’s account numbers have been debit-frozen and further investigation is on. Involvement of employees and local contacts of the main accused persons is being investigated. The social media influencers who promoted the company through various social media plate-forms were also examined and their involvement in the crime is being investigated. So far, Cyber Police Station Kashmir Zone Srinagar has received 27 complaints,” the statement reads.
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