CICE Jammu files charge-sheet in crypto investment fraud case

Daily Excelsior | September 2, 2025 | 10:37 PM IST | Breaking News, Jammu Kashmir | Follow on Google News

CICE Jammu files charge-sheet in crypto investment fraud case

JAMMU, Sept 1: The Cyber Crime Investigation Centre for Excellence (CICE) Jammu has filed a charge sheet against three individuals accused of duping a family of Rs 6.3 lakh in a crypto investment scam.

A CICE official said the case was registered after Riaz Ahmed Zargar lodged a complaint alleging that he, his brother Imtyaz Ahmed Zargar, and other relatives were misled by Bhagwati Sharana Dewidi of Ayodhya, Syed Riaz Ahmed of Doda, and Avtar Singh Khalsa of Digiana Jammu.

He said the accused allegedly promised high returns through cryptocurrency investments.
Following a preliminary enquiry, he said, CICE Jammu found substantial evidence of fraud and registered FIR number 14/2023 under sections 420 (cheating) and 120-B (criminal conspiracy) of the Ranbir Penal Code.

According to him, the investigation, led by Inspector Jaleel Kitchloo under SHO CICE Sachit Mahajan, confirmed the involvement of the accused, and a formal charge sheet has been accordingly submitted to the court for further legal proceedings.

Meanwhile, CICE Jammu urged the public to remain cautious and report any suspicious financial schemes to authorities, reaffirming its commitment to tackling investment frauds promptly.

Daily Excelsior