JK Police busts Rs 209 crore online investment scam in Ganderbal; nine arrested
The Jammu and Kashmir Police have busted a Rs 209 crore transnational online investment scam in Central Kashmir's Ganderbal district, arresting nine accused, including a Haryana-based MBBS doctor. Police identified 835 bank accounts used for fraudulent transactions, with the total scam amount likely to rise further.
Srinagar, February 16: Jammu and Kashmir Police have unearthed a Rs 209 crore online investment scam in Central Kashmir's Ganderbal district and arrested nine persons, including a Haryana-based MBBS doctor, in connection with the fraud.
The case was registered at Police Station Ganderbal following a complaint alleging cheating through fake trading platforms. SSP Ganderbal Khalil Ahmad Poswal constituted a Special Investigation Team (SIT) to probe the case.
Police identified Ekant Yogdutt, alias “Dr. Morphine” of Hisar, Haryana, as the alleged mastermind. He was arrested at Delhi airport while returning from China. Eight others from Kashmir were also apprehended.
Investigations revealed that fraudsters lured investors with promises of high returns, routed funds through local bank accounts and layered transactions to move money outside J&K and abroad. So far, 835 accounts have been identified, with verified transactions of Rs 209 crore; the amount may rise after further scrutiny. (Audio byte of SSP Ganderbal Khalil Ahmad Poswal attached).
Police have urged the public to avoid dubious investment schemes and report cyber fraud through the national portal or helpline 1930.