Srinagar: Police in Anantnag have arrested “notorious fraudster” who have defrauded a Srinagar resident on the false promise of supplying gold coins at discounted rates.
Police said Sajad Ahmad Beigh, son of Lassa Beigh, resident of Draway, Larnoo, was arrested in connection with case FIR No. 27/2026 of Police Station Larnoo registered under Sections 318(4), 351(2) and 61(2) of the Bharatiya Nyaya Sanhita (BNS).
The case was registered following a complaint by a Srinagar resident who alleged that the accused, along with his associates, fraudulently induced him to part with ₹12 lakh on the false promise of supplying gold coins at discounted rates.
As part of the conspiracy, the complainant was allegedly intercepted at a naka during the planned transaction, where the purported gold coins were taken away, leaving him cheated, police said.
During investigation, police collected substantial oral and technical evidence establishing the involvement of the accused and his associates. The anticipatory bail granted to the accused was successfully challenged and cancelled by the court, following which he was arrested.
Further investigation is underway to apprehend the remaining absconding accused and uncover the entire criminal conspiracy, police said, while advising the public to remain vigilant and avoid falling prey to fraudulent schemes or false representations while entering into financial transactions.
