Srinagar, Aug. 13 -- The case involves three accused - Tasaduq Hussain Dar, Abdul Gani Dar, and Mohammad Iqbal Wani - who are already in custody for allegedly running a sophisticated fraud racket. According to police, the trio floated multiple fake business ventures, including real estate, fruit trade, and a bogus wild garlic enterprise, to dupe investors.

Their arrest earlier followed a complaint from a victim who alleged he was cheated of Rs.55 lakh in a fraudulent wild garlic deal. Police said the accused lured victims with promises of high returns and later resorted to criminal intimidation when repayment was sought.

Wednesday's raids were carried out to gather more evidence and identify other possible victims or accomplices. "The c...