Kashmir ,Dec 6 : The Economic Offences Wing of Crime Branch Kashmir has filed a chargesheet in FIR No. 31/2023 against two accused, including Zahid Bashir Sofi, also known as Shagoo, in a high-value export fraud case. The chargesheet was submitted before the City Judge in Srinagar under Sections 420 and 120-B RPC. Since both accused are still on the run, it has been filed in absentia under Section 512 CrPC.
Shagoo and his wife have earlier been named in multiple fraud cases, including those linked to fake promises of gas agencies. Chargesheets in those matters were also filed in absentia after they evaded arrest.
Investigators say Shagoo has a long history of similar offences, with repeated scams causing major financial losses. His continued avoidance of law enforcement remains a concern.
The latest case stems from a complaint alleging that Shagoo lured the victim into investing in a supposed export deal involving rice, mutton, and other goods for Dubai. He and co-accused Javeed Ahmad Shah allegedly staged a series of steps to make the scheme appear genuine, including taking the complainant to Punjab to sign a forged agreement and later to Dubai to build trust.
The complainant invested ₹34,74,600, which investigators say was siphoned off. The probe found forged documents, fabricated agreements, and deliberate misrepresentation, leading to the filing of the chargesheet.
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