EOW files chargesheet in Rs 55 lakh Srinagar property scam

Srinagar, Mar 31: The Economic Offences Wing (EOW) of Crime Branch J&K on Tuesday said it has filed a chargesheet against a Srinagar resident accused of duping a buyer of Rs 55.11 lakh in a property deal.
Officials said the accused allegedly sold the same mortgaged house to multiple individuals after receiving payment, leading to a detailed probe and action under Section 420 IPC.
In a statement, a spokesperson said the Economic Offences Wing, Srinagar of Crime Branch J&K has filed a chargesheet in case FIR No. 10/2026 under Section 420 IPC against Mehraj-Ud-Din Dar S/o Abdul Ahad Dar, a resident of Alamdar Colony Rawalpora, A/P Tengpora Batamaloo Srinagar, before the Hon’ble Court of City Judge Srinagar.
He said, the case originated from a written complaint alleging that the accused is a habitual offender who employed a calculated modus operandi to defraud innocent individuals.
“It was reported that after receiving payments, the accused deliberately failed to honour commitments and, in an attempt to evade legal action and recovery proceedings, transferred or registered acquired properties in the name of his wife.”
“Upon receipt of the complaint, the Economic Offences Wing initiated a detailed probe. During the course of investigation, it was prima facie established that the accused had cheated the complainant of Rs. 55.11 lakhs under the pretext of selling a residential house. Despite receiving the payment, the accused sold the same property to another individual,” said the spokesperson.
He added, further investigation revealed that the said property had already been mortgaged with J&K Bank, Branch Office Bhagat, Srinagar. Notably, the complainant had also liquidated the outstanding housing loan associated with the property.
“The investigation concluded that the actions of the accused constitute a cognizable offence under Section 420 IPC. Accordingly, the chargesheet has been filed before the competent court for judicial determination.” (KNO)