STATE TIMES NEWS
SRINAGAR: Srinagar Police on Wednesday averted a major fraud when it unearthed a fraudulent Telecom Company that was duping gullible people for investment under the pretext of providing WiFi network in the valley.
On a tip off, a police party led by SHO Parvez Ahmad raided the office of the company “India Telecom Services” at Karan Nagar, Srinagar.
During the raid, police found major irregularities in their operations. The company induced general public to invest in their company by depositing Rs.1,47,000 each and promised to repay the amount within 18 months with partnership in their profits.
Police has so far arrested six fraudsters Parthoo Sarothi Mondal, son of Shaib Prassad, M Sambil Alam, son of Abdul Rashid, Rishav Prassad, son of Rathan Prassad, Pushpandu Patra, son of Pranab Patra, Nasir-ud-Din Malla, son of Abdus Shakir, all residents of West Bengal and Akeel Gowhar Parray, son of Showkat Ali, resident of Bemina Srinagar who was operating the company.
The company officials claimed to provide Wifi internet to remote villages of the Kashmir Valley. The company prima-facie failed to produce any legal document of their operations.
Subsequently, FIR 31/15 under section 419,420/RPC was registered in Police Station Karan Nagar and investigation was taken up.
During the investigation, it was found that the fraudulent company officials had managed to get investments to the tune of more than Rs 8 lakh from different gullible people and had started create a network across the valley to draw off huge amount of money from the people across the valley.
