Money doubling scam: Cyber police files FIR, conducted raids at five locations; in-depth investigation underway

Srinagar, Dec 20, KDC: Cyber police Kashmir has taken cognizance against one allegedly bogus company under name and style of ‘Curative Survey Private Limited’ by floating a fraudulent website have scammed and cheated gullible public by falsely promising them of huge returns on their investments in Jammu and Kashmir.

The scam involving financial fraud has surfaced in Srinagar after investors on Tuesday said that they were duped of their hard earned money by a private company based in Kashmir. The investors staged a protest and appealed to police to get their hard earned money back.

The protestors said that they were lured to invest money in the company stating that the money will get doubled within 15 days. “In the first few months we received the money as promised,” they said, adding that “after sometime we didn’t get any response from the firm, which created doubt in our minds.”

According to an FIR registered against the alleged company, a copy of which lies with Srinagar based news agency Kashmir Dot Com, reads “It has been reliably learnt that one bogus company under name and style of Curative Survey Private Limited by floating a fraudulent website have scammed and cheated gullible public by falsely promising them of huge returns on their investments. The information has further revealed that, subscribers which mostly include students and housewives have been cheated by the said company after making them to invest their hard earned money against the fake and false promises of returns.”

It has been further revealed that after misrepresenting and cheating the said company has left the subscribers in dark. It has also been revealed that the said Company has suddenly turned unresponsive which has led to chaos, anguish and protests.

On receipt of this information commission of offence U/S 66D IT Act & 420 IPC is prima facie made out. Accordingly, case FIR No. 39/2023 U/s 66D IT Act, 420 IPC Stands registered in this Police Station and investigation of the case was entrusted to Inspector rank officer, reads the FIR copy.

A team of cyber police along with a magistrate has sealed the office located at Karanagar area of Srinagar.

Today, teams of Cyber police conducted raids at five locations related to the scam involving financial fraud worth crores and seized electronic gadgets and documents during searches.

The exact amount which people had invested in this scam across the valley is still under investigation.

An official told Kashmir Dot Com that police teams are carrying out in-depth investigations into the matter and stern action will be taken against the accused persons. (KDC)