SRINAGAR, Dec 20: As part of an investigation into an alleged multi-crore investment scam, the Jammu and Kashmir Police conducted raids at five different locations in Srinagar, officials announced on Wednesday. The cyber wing of the Jammu and Kashmir Police said that during their raids on Saturday night, they found documents and electronic devices. The fraudsters established a company called “Curative Survey” in the Karan Nagar area, allegedly taking inspiration from the Hindi film “Phir Hera Pheri.” They conned a number of people out of at least Rs 59 crore by claiming to be able to double their investment in two weeks. On Tuesday, 141 Members of Parliament—a record—were suspended from their positions.However, the officials stated that since the investigation is ongoing, the sum may go up. At first, the company followed through on its promise, which attracted additional investors. At least two local YouTubers also promoted the plan, which increased its popularity. The company’s owners vanished shortly after, according to officials, who also mentioned that they discovered the Karan Nagar office was locked. Idris Mir, one of the YouTubers, claimed he could not be held accountable for the scam because he had paid to promote the company on his channel.“I didn’t do it by myself. And there are still others. We have conducted independent investigations to confirm the company’s legal status. Only then do we advertise the business. This company had branches in Jammu, Srinagar, Patton, and Sangrama and had been in business for almost a year. “What was going on all this time?” he inquired.
