J&K Police Recover ₹2.27 Crore in Multi-State Cyber Fraud Case, Identify 13 Accused

The Jammu and Kashmir Police have successfully recovered over ₹2.27 crore after uncovering a major multi-state cyber fraud case. Thirteen suspects have been identified so far, officials said on Saturday.

The investigation began after Khalid Hassan, a resident of Dalpatian Mohalla, lodged a complaint at the Nagrota Police Station on November 10. He reported that on April 8, he received a call from his brother, Sajid Hassan, urgently requesting ₹54 lakh. To help, Khalid took a loan of ₹54 lakh from J&K Bank and transferred the amount.

However, on November 10, Sajid informed him that over ₹2 crore, including the loan amount, which he had invested through the ICICI Securities trading application, had been fraudulently withdrawn by unknown persons.

Khalid was advised to file an online complaint through the National Cyber Crime Helpline 1930 and the NCCRP portal. The complaint stated that the victim had lost ₹2,27,45,264 due to fraudulent trading schemes.

During the investigation, police examined bank statements belonging to the victim and suspected fraudsters. They found that the stolen money had been moved across several bank accounts operated by the suspects. Swift action led to the freezing of these accounts, and after securing court orders, the entire embezzled amount was returned to the victim’s account.

Police also analysed Customer Application Forms (CAFs), KYC documents, and transaction histories, confirming that the accused had lured victims with false promises of high profits from online trading. The suspects allegedly worked together to cheat multiple people in a coordinated fraud.

So far, 13 accused have been identified, and multiple police teams have been deployed across different states to arrest them.

Authorities have urged the public to remain cautious of online investment offers and immediately report any suspicious activity to 1930, the national cyber fraud helpline.