Multi-crore Scam: Police freezes firm’s accounts and seals offices

SRINAGAR — Cyber Police Kashmir took action after it received information concerning alleged fraudulent activities by a company named “Curative Survey Private Limited,” operating through a deceptive website, which reportedly scammed and defrauded numerous individuals.

In an official statement, a spokesperson highlighted how victims were misled by the company, enticing them to invest their hard-earned money with promises of substantial returns, only to be deceived.

“The registered individuals were promised payment for undertaking those surveys. In the last few days, the company allegedly stopped due payment to persons registered with it, and its promoters and directors absconded,” the spokesperson stated.

Following the gravity of the situation, Cyber Police Kashmir promptly registered a case, FIR No. 39/2023, invoking relevant sections of the IPC and IT Act, and commenced investigations based on details provided by some victims. These details revealed the company’s alleged commitments of payments to individuals engaging in daily survey activities via their website.

The lure of easy money within a short timeframe attracted unsuspecting individuals to subscribe to what appears to be a fraudulent scheme, as indicated in the preliminary stages of the investigation.

As part of the ongoing inquiry, Cyber Police Kashmir has frozen several identified accounts operated by the company and sealed its registered offices following searches conducted at multiple locations. The searches yielded incriminating materials, including electronic devices and documents.

Efforts are underway to identify and investigate the promoters of the company, with a parallel focus on examining the roles of local office staff and individuals promoting these schemes on social media platforms.

In light of these events, authorities urge caution against online scams, advising individuals to meticulously verify the legitimacy of online schemes before investing their hard-earned money. They also encourage citizens affected by this scam to come forward and share relevant information with the investigation agency.

“The investigation of the case is being handled expeditiously,” the statement concluded.