Srinagar, August 8, 2025 : The Economic Offences Wing (EoW), formerly known as Crime Branch Kashmir, has filed a preliminary chargesheet against four individuals—including a probationary officer of J&K Bank and two of his close family members—in connection with a multi-crore online financial fraud case in Ganderbal district.
The case was initially registered at Police Station Kangan earlier this year under Sections 318(4), 316(5) read with 61(2) of the Bharatiya Nyaya Sanhita (BNS), 2023, and was later transferred to the EoW for detailed investigation.
According to an EoW spokesperson, the case was triggered by a complaint alleging that Shahnawaz Ahmad Shah, a resident of Rather Mohalla, Kangan and a probationary officer at J&K Bank’s Kangan branch, approached the complainant with a fraudulent online investment proposal promising high returns.
During the investigation, it was revealed that Shahnawaz Ahmad Shah, along with his father Ghulam Nabi Shah, sister Rumaisa Jan (both of Rather Mohalla, Kangan), and Amir Bashir Magray of Bonizal Haripora, Kangan, conspired to defraud hundreds of people under the guise of online financial trading schemes.
The accused allegedly swindled victims of over ₹53 crore through deceitful means. All four have been arrested, and a preliminary chargesheet has been submitted before the competent court.
