SRINAGAR, Oct 5: In a major financial fraud case, the Economic Offences Wing (EOW) of Crime Branch Kashmir has registered a formal FIR against a Pune-based fraudster accused of cheating a complainant of ₹46.90 lakh under the false pretext of supplying a commercial consignment of “Sifine Natural Nut.” The case came to light after the EOW received a detailed written complaint alleging that the accused, posing as the proprietor of a firm named D.K. Enterprises, contacted the complainant and assured the supply of the product. Trusting the representation, the complainant transferred ₹46.90 lakh as an advance payment. However, the consignment was never delivered, and the accused subsequently became untraceable.
Following the complaint, the EOW initiated a preliminary inquiry, which revealed that the accused had fabricated a supply order and misrepresented D.K. Enterprises as a legitimate business entity. The investigation further established that the accused employed deceitful methods and digital means to induce the complainant into parting with a substantial amount of money, which was then misappropriated.
The acts committed by the accused constitute cognizable offences punishable under Section 420 of the Indian Penal Code (cheating) and Section 66(D) of the Information Technology Act (cheating by personation using computer resources). Consequently, a formal FIR has been registered at Police Station Economic Offences Wing (Crime Branch Kashmir), and a thorough investigation is underway to trace the accused, recover the defrauded amount, and bring all involved to justice. Authorities have also advised businesses and individuals to exercise caution in financial transactions and verify the credentials of suppliers to prevent falling victim to such fraud.