Srinagar: The Cyber Police of Kashmir has issued a public appeal, urging people who have fallen victim to or possess information related to a money doubling scam to come forward and assist in their ongoing investigation.
The cyber police, responding to the emergence of a troubling money doubling scheme, has called on the affected people to play a crucial role in unraveling the details of the scam.
Victims and those with pertinent information are encouraged to share the specifics of their encounters, aiding law enforcement in understanding the intricacies of the fraudulent activities.
The modus operandi of money doubling scams typically involves promises of substantial returns on investment within a short period. Fraudsters exploit unsuspecting individuals through various online platforms, enticing them with lucrative offers. The consequences of falling prey to such scams can be financially devastating.
Earlier, Jammu and Kashmir police said that it is investigating people who promoted the “investment firm” on social media, along with local staff employed at the firm’s offices in Kashmir, in connection with a multi-crore scam that has surfaced in the region.
As per the spokesperson, the Cyber Police Kashmir received an information that a company, operating under the name “Curative Survey Private Limited” and through a fraudulent website, has allegedly scammed and cheated many people.
The victims, were deceived by the fraudulent company, enticing them to invest their hard-earned money with false promises of substantial returns.
During the preliminary investigation it revealed that the said company exhorted common public to register on its website and become a partner in surveys it was undertaking.
The registered individuals were promised payment for undertaking those surveys.
In last few days the said company allegedly stopped the due payment to person registered with it, and its promoters and directors absconded and were not reachable by their staff and registered individuals.
Taking cognizance of the matter, Cyber Police Kashmir registered a case, FIR No 39/2023, under the relevant sections of IPC and IT Act in Cyber PS Kashmir Zone, Srinagar.
Investigations and details from some victims indicates that the company had allegedly promised payments to person who were registering on their website and carrying out daily survey activities.
The lure of easy money within a short time span attracted unsuspecting individuals to subscribe for this allegedly fake and fraudulent scheme.
In the initial stages of the investigation, Cyber Police Kashmir has frozen several identified accounts operated by the said company.
Search were conducted at multiple locations and registered offices of company and same stands sealed as well. During searches incriminating materials including electronic devices and documents were seized.
The registered owner promoters of this company are being identified and being investigated.
The role of local office staff and persons promoting the schemes on social media is also being investigated.
The general public is once again advised to be cautious of online scams and urged to verify the credentials of online schemes before investing their hard-earned money, police said.
