Crypto investment fraud case: CICE Jammu files charge sheet against 3 accused
Jammu, Sep 2: Cyber Crime Investigation Centre for Excellence (CICE) Jammu has filed a charge sheet before the competent court of law against three individuals involved in a cheating and fraud case related to a crypto investment scam.
As per CICE spokesperson, the case was initiated following a written complaint received from one Riaz Ahmed Zargar, who alleged that he, along with his brother Imtiyaz Ahmed Zargar and other relatives, had been duped of Rs 6,30,000 by accused persons Bhagwati Sharana Diwedi, son of Parasnath Diwedi, resident of H No 10/4/13A Alamganj 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.
The accused had allegedly lured the victims under the false pretext of high returns through investments in crypto coins.
Upon receipt of the complaint, a preliminary enquiry was conducted by CICE Jammu. The enquiry 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 Kichloo under the supervision of SHO Police Station CICE Jammu Sachit Mahajan and a challan (charge sheet) has been formally produced before the competent court of law for judicial proceedings,” the spokesperson 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,” spokesperson added.
