Guwahati, 7th September: In a major financial fraud case, approximately Rs 200 crore has been embezzled in Karimganj under the pretense of online trading. The scam, reportedly orchestrated by Mohammad Shakir from Bakharsal, has left numerous victims in distress and struggling to seek justice.
Shakir allegedly deceived investors by presenting a facade of financial success, including using a professional visiting card to enhance his credibility. He reportedly acquired luxury vehicles, such as a Range Rover and a Mahindra Thar, valued between Rs 60-70 lakh, with funds siphoned from investors.
Despite the massive scale of the fraud, affected individuals have yet to file formal complaints with the police, complicating the case further. Shakir is believed to have laundered money through online trading platforms and secretly sold his high-end vehicles in Guwahati as the scam began to unravel.
A recent police raid on Shakir’s residence in Bakharsal yielded no assets, suggesting that the accumulated wealth may have been concealed prior to the raid. The authorities are intensifying their efforts to track down Shakir and fully uncover the extent of the fraudulent activities.
Read More: COCOMI Demands Resignation of Manipur Security Advisor Over Handling of Crisis