Srinagar, July 23 (KNZ/TMJ): The Economic Offences Wing (EOW) Kashmir has filed a chargesheet against four accused in connection with an alleged ₹2.5 crore shawl fraud case, officials said on Thursday.

According to an official statement, the chargesheet has been filed in FIR No. 55/2022 under Sections 420, 120-B and 201 of the Ranbir Penal Code (RPC) before the Court of Sub Judge Small Causes, Srinagar.

The accused have been identified as Arshid Ahmad Shora alias Bilal, Firdous Ahmad Mir, Firdous Ahmad Bhat and Aftab Ahmad Shah, all residents of Srinagar.

The case pertains to a complaint alleging that the accused, led by Arshid Ahmad Shora alias Bilal, induced a trader to supply shawls worth more than ₹2.5 crore on the promise of profitable returns. However, the accused allegedly failed to make the agreed payment, causing substantial financial loss to the complainant.

During the course of investigation, the EOW recovered 338 shawls valued at approximately ₹68 lakh. The recovered shawls were handed over to the complainant under the directions of the competent court.

Officials said the investigation has been completed and the chargesheet has been submitted before the court for further legal proceedings.

The Crime Branch Kashmir has urged the public to remain vigilant against economic frauds and report any suspicious financial activities to the Senior Superintendent of Police, EOW Kashmir. Victims can also submit complaints via email at sspeow-kmr@jkpolice.gov.in—KNZ/TMJ