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Police raids 5 locations in Srinagar in multi-crore investment fraud

Police raids 5 locations in Srinagar in multi-crore investment fraud
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SRINAGAR, Dec 20 (PTI): The Jammu and Kashmir Police has carried out raids at five locations in Srinagar as part of a probe into a multi-crore investment fraud, officials said on Wednesday.

Electronic gadgets and documents were seized during the raids by the cyber wing of the Jammu and Kashmir Police on Saturday night, they said.

Inspired by the Hindi film ‘Phir Hera Pheri’, the fraudsters set up a company named ‘Curative Survey’ in the Karan Nagar area and duped several people of at least Rs 59 crore under the pretext of doubling their investment within two weeks, officials said.


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