Srinagar, August 7: The Economic Offences Wing of Crime Branch Kashmir has filed a preliminary chargesheet in connection with a multi-crore online financial fraud case. The chargesheet, pertaining to FIR No. 28/2025 registered under Sections 318(4), 316(5) read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023, was submitted before the Hon’ble Court of Judicial Magistrate 1st Class, Kangan.
According to a statement issued by the Crime Branch Kashmir (CBK), the case originated from a complaint alleging that Shahnawaz Ahmad Shah, son of Gh. Nabi Shah and a Probationary Officer at J&K Bank’s Kangan branch, approached the complainant with a fraudulent investment scheme. The complainant was enticed into investing in an online trading venture with promises of high returns.
Following the registration of the case, it was transferred to the Crime Branch Kashmir for comprehensive investigation.
The probe revealed that Shahnawaz Ahmad Shah, along with his father Gh. Nabi Shah, sister Rumaisa Jan (all residents of Rather Mohalla, Kangan), and Amir Bashir Magray, son of Bashir Ahmad Magray of Bonizal Haripora Kangan (District Ganderbal), conspired together to deceive hundreds of people. The accused reportedly defrauded victims of over ₹53 crore through fraudulent online financial trading schemes.
The Crime Branch confirmed that a preliminary chargesheet has been filed for judicial proceedings.
It is pertinent to note that all four accused individuals have already been arrested in the case, the statement added.
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