59 crore scam hits J-K, protest erupts against social media influencers

SRINAGAR — A staggering financial scandal worth 59 crores has sent shockwaves across the valley following the sudden disappearance of an app that promised to double investors’ money, leaving a trail of uncertainty in Srinagar today.

According to reports received by The Kashmir Pulse, a grave financial irregularity linked to Curative Surveys Pvt. Ltd. has inundated social media platforms in Jammu and Kashmir. The app allegedly amassed a significant sum of 59 crores from unsuspecting investors.

The app’s enticing pledge to double investments within a mere 10 to 15 days has left users in distress, as the application abruptly ceased functioning, prompting protests outside its shuttered office premises in Srinagar.

Angry demonstrators in Srinagar have pointed fingers at renowned YouTuber Idrees Mir, accusing him of endorsing the app and thereby influencing public trust in the investment scheme. Another social media influencer, Yawar Wani, is also under scrutiny for allegedly serving as a brand ambassador for the app, claiming personal verification of its credibility and security.

In a conversation with a media outlet, YouTuber Idrees Mir stated that he meticulously reviewed the company’s documents before featuring it in one of his promotional videos. He emphasized that multiple journalists, including Ashish Kohli, and other influencers also endorsed the same app.

Mir clarified that while he isn’t directly affiliated with the company, he only engaged in promoting it based on agreed-upon charges, constituting the sole transaction between him and the company.

Amidst mounting calls for action, demands have surged for the Cyber Police of Kashmir to promptly investigate the matter and hold accountable those responsible for the financial discrepancies. The situation continues to unfold, with investors anxiously seeking redressal for their substantial financial losses.