One more arrested in financial fraud case in J-K
The Crime Branch of the Jammu and Kashmir on Saturday arrested one more person allegedly involved in swindling crores of rupees by fraudulent means from gullible people in Poonch district last year.
Six people, including main accused Tariq Mehmood, were arrested last year in connection with the case, while property and cash worth Rs 1.5 crore was seized.
Nazeer Hussain, a resident of Dhanwan Morha village of Chingus, was arrested from his hideout at Kalakote in Rajouri district, a spokesman of the Crime Branch said.
Hussain, who was working as a driver of Mehmood, was evading his arrest for the last seven months.
He is being put to questioning to ascertain the modus operandi of the gang and other aspects related to the case, the spokesman said.
The case pertains to huge financial fraud committed by a non-banking financial company in the name and style of 'Hables-e-Commerce Private Limited' run by the six accused persons.
Huge amounts were deposited by the people of Rajouri and Poonch .