Jammu, Nov 15, KNT: Jammu Rural Police have achieved a significant breakthrough by recovering Rs 2,27,45,264 that had been fraudulently siphoned off by online scammers through manipulated trading activity. The case was initiated on April 10 when Khalid Hassan, son of Ghulam Hassan and a resident of Dalpatian Mohalla Jammu, lodged a complaint at Police Station Nagrota after discovering that more than two crore rupees invested by his brother had been drained by unknown cyber fraudsters.
According to police, the complainant received a call from his brother Sajid Hassan on April 8, seeking an urgent amount of Rs 54 lakh. Acting on the request, Khalid immediately secured a loan of the same amount from J&K Bank in favour of his brother. However, two days later, Sajid informed him that over Rs 2 crore invested through the ICICI Securities application had been fraudulently withdrawn, including the freshly sanctioned loan amount.
The victim was advised to register the matter with the National Cyber Crime Helpline 1930. A complaint was subsequently filed on the NCCRP portal, alleging fraudulent trading and misappropriation of Rs 2,27,45,264. Police said the enquiry involved a detailed analysis of bank statements belonging to both the victim and the suspected fraudsters. The investigation revealed that the stolen amount had been diverted into several bank accounts operated by the accused.
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Swift action by Jammu Police resulted in the freezing of multiple fraudulent bank accounts. Through court orders, the entire embezzled amount of Rs 2.27 crore was successfully remitted back to the complainant’s rightful account. Investigators said scrutiny of Customer Application Forms, KYC records and transaction trails established that the fraud was executed by a group of individuals working in criminal conspiracy, luring victims into fake high-return investments on the pretext of profitable trading.
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Police said thirteen suspects have been identified so far and efforts are underway to apprehend them. A case under FIR No. 214 of 2025 stands registered at Police Station Nagrota under Sections 318(4) and 61(2) of the Bharatiya Nyaya Sanhita and Section 66 D of the Information Technology Act. [KNT]
