Srinagar, Oct. 26 -- The crime branch has filed a chargesheet against a Budgam resident for allegedly defrauding people of Rs.2 crore by falsely claiming to be an investor with a Bengaluru-based e-commerce company. Junaid-Ul-Islam, against whom the chargesheet was filed under Section 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code before the court of forest magistrate, Srinagar, was arrested in Bengaluru by the economic offences wing (EOW) of the Kashmir crime branch on August 23. He hails from Charar-i-Sharief, Budgam, and is presently lodged in Srinagar Central Jail. An official spokesperson said the accused, while claiming his association with an e-commerce company (Amazon) in Bengaluru, solicited money from the complainants with a promise of providing a monthly profit of 10%. The complainants paid him nearly Rs.2 crore, but after receiving the money, the accused fled to Bengaluru and went incommunicado, the spokesperson said. Officials stated that during the investigation, substantial funds amounting to crores of rupees were traced to accounts maintained or operated by the accused, who failed to establish any genuine investment activity or satisfactorily account for the money received.Agreements executed and cheques issued towards repayment remained unpaid or were dishonored due to insufficient funds, the spokesperson added....