CICE Jammu files charge-sheet against three accused in Crypto Investment Fraud Case
STATE TIMES NEWS
JAMMU: The Police Station CICE Jammu has filed a charge-sheet before the competent court against three individuals involved in a cheating and fraud case related to a crypto investment scam.
The case was initiated following a written complaint received from one Riaz Ahmed Zargar, who alleged that he, along with his brother Imtyaz Ahmed Zargar and other relatives, had been duped of Rs. 6 lakhs 30,000 by accused persons namely Bhagwati Sharana Dewidi, son of Parasnath Diwedi, resident of H. No.10/4/13A Alamgunjh Katra, Ayodhya; Syed Riaz Ahmed, son of Mubarak Shah, resident of near Jamia Masjid Doda City and Avtar Singh Khalsa, son of Amar Singh Khalsa, resident of H. No. 9 Lane No. 1 Govind Nagar, Digiana, Jammu, an official said.
The accused had allegedly lured the victims under the false pretext of high returns through investments in crypto coins, official added.
Upon receipt of the complaint, official said, a preliminary enquiry was conducted by CICE Jammu which revealed substantial evidence pointing towards the involvement of the accused in fraudulent activities.
Consequently, a formal case was registered under FIR No. 14/2023 under relevant sections of the Ranbir Penal Code (RPC), including Section 420 (Cheating) and 120-B (Criminal Conspiracy).
The investigation was carried out thoroughly, covering all legal aspects, and based on the evidence and statements collected during the course of the investigation, the offences under the aforementioned sections were fully established against the accused individuals.
The investigation has been concluded by Inspector Jaleel kitchloo under the supervision of SHO CICE Sachit Mahajan and a Challan (charge sheet) has been formally produced before the competent court of law for judicial proceedings, official said.
The CICE Jammu reiterates its commitment to acting swiftly and effectively against financial frauds and appeals to the public to remain vigilant and report any suspicious or fraudulent investment schemes to law enforcement agencies.
