Jammu, July 9 || The J&K Police said on Wednesday that they have recovered Rs 62 lakh in a multi-crore fake gemstone fraud and returned the amount to a Hyderabad-based man who was duped in an alleged sale of fake Kashmir Blue Sapphires.
Police said the Hyderabad resident, Mir Firasath Ali Khan, had fallen prey to a high-profile cheating and fraud case involving fake gemstones.
“The accused had attempted to sell counterfeit Kashmir Blue Sapphires valued at an astronomical Rs 25 crore to the unsuspecting buyer, while already having defrauded him of Rs 3 crore," said police.
The case was lodged at Police Station Bahu Fort in Jammu after the complainant alleged that he was being duped by fraudsters posing as sellers of the rare Kashmir Blue Sapphire. An FIR was registered, and a dedicated investigation was launched under SDPO Bakshi Nagar Dr Satish Bhardwaj, supervised by SSP Jammu Joginder Singh and SP South Ajay Sharma.
“The investigation revealed a larger criminal conspiracy involving Mohammed Rayaz, son of Reham Ali, originally from Gurdan Bala in Rajouri and currently residing in Chinore, Jammu; and Mohammed Taj Khan, son of Haji Jumma Khan, resident of Potha Surankote, Poonch, currently residing at Meenia Mohalla, Trikuta Nagar, Jammu.," the officials said.