Anantnag Police Bust Organized Multi-Crore Fraud Racket

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District Police Anantnag have arrested three men accused of running an organized fraud racket involving fake business schemes across the district and beyond.

According to an official statement, the arrested individuals were identified as Tasaduq Hussain Dar, also known as Haji Tasaduq, son of Abdul Gani Dar from Sadoora Anantnag; Mohd Iqbal Wani, also known as Iqbal Bumdori, son of Mohd Sikander Wani from Bumdoora Kokernag; and Mujeeb Ahmad Koka, son of Gh Mohiuddin Koka from Shankerpora, Dooru.

Police allege that the trio had been posing as legitimate businessmen, operating under the cover of multiple ventures including real estate, fruit trading, and the wild garlic (Jangli Lahsun) trade. Using these fronts, they reportedly lured victims with promises of high returns on investments. Once the money was collected, they allegedly resorted to criminal intimidation to avoid repayment.

One notable case involves a victim from Kishtwar who claims he was defrauded of ₹55 lakh in a fake wild garlic business deal. Acting on his complaint, Police Station Anantnag registered FIR No. 126/2025 under Sections 318(4), 351(2), and 111 of the Bharatiya Nyaya Sanhita (BNS). The investigation is treating the case as part of a wider organised financial crime network.

Authorities believe there may be more victims and are working to identify other people connected to the scheme. Police have appealed to the public, urging anyone who may have suffered similar fraud at the hands of the accused to come forward and contact Police Station Anantnag.

A police spokesperson said that dismantling such organised criminal syndicates remains a priority. The arrest of these suspects is part of ongoing operations to target fraud networks, protect citizens from financial crimes, and ensure that offenders are prosecuted in accordance with the law.

Law enforcement officials in the district have also encouraged residents to exercise caution when approached with investment opportunities that promise unusually high returns, stressing the importance of verifying the legitimacy of businesses before making any payments.

The investigation continues, with police examining financial records, possible associates, and links to similar cases in other areas of Jammu and Kashmir.