Anantnag, July 13: Anantnag Police have arrested a person for his alleged involvement in gold coin scam, officials said on Monday.
The officials said that the accused, identified as Sajad Ahmad Beigh, son of Lassa Beigh, resident of Draway, Larnoo, has been arrested in connection with FIR No. 27/2026 of Police Station Larnoo registered under Sections 318(4), 351(2) and 61(2) of the Bharatiya Nyaya Sanhita (BNS).
“The case was registered following a complaint by a Srinagar resident who alleged that the accused, along with his associates, fraudulently induced him to part with ₹12 lakh on the false promise of supplying gold coins at discounted rates. As part of the conspiracy, the complainant was allegedly intercepted at a naka during the planned transaction, where the purported gold coins were taken away, leaving him cheated,” a police spokesperson said in a statement.
During investigation, the spokesperson said, Anantnag Police collected substantial oral and technical evidence establishing the involvement of the accused and his associates. The anticipatory bail granted to the accused was successfully challenged and cancelled by the Hon’ble Court, following which he was arrested.
“Further investigation is underway to apprehend the remaining absconding accused and uncover the entire criminal conspiracy,” the statement said.
Anantnag Police advised the public to remain vigilant and avoid falling prey to fraudulent schemes or false representations while entering into financial transactions.
