The Economic Offences Wing of Crime Branch Kashmir today filed a chargesheet before the Court of Chief Judicial Magistrate, Srinagar, against four individuals in a Rs 1.66 crore fraud case.
The chargsheet was produced against Abdul Wahid Khan of Khan Mohalla, Baghat-e-Barzulla Srinagar; Mohammad Yousuf Malik Nai Sarak Habba Kadal Srinagar at present Natipora Srinagar; Mohammad Ashraf Mir of Hakhripora Pulwama; and Mohammad Maqbool Shah of Peerbagh Srinagar.
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 showed a double-storey house with one kanal and five marlas of land at Chinar Colony, Baghat-i-Barzulla, owned by Koshaliya and induced the complainants to pay Rs. 1.16 crore by preparing false agreement to sell migrant property, the EoW said.
It is further alleged that the accused subsequently 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,” EoW said.
A chargesheet in FIR registered in 2018 under sections 420, 468, 471 read with 120-B RPC was filed before the court for judicial determination.
During the course of proceedings, the court has remanded two of the accused, Yousuf Malik and Maqbool Shah, to judicial lock-up.
