Javed Sheikh embroiled in Rs. 5 million Investment Fraud Case

Pakistani actor Javed Sheikh has been accused of being involved in an investment fraud case worth Rs. 5 million.

What is Javed Sheikh's Biggest Regret f

They promised a 7% monthly profit.

In a significant legal development, the Rawat Police have registered a fraud case against Javed Sheikh and five other individuals.

The charges are filed under Section 420 of the Pakistan Penal Code.

It is alleged that the accused deceived a couple into investing PKR 5 million (£14,100) with promises of lucrative returns.

The case was initiated following the directives of the Additional District and Sessions Judge.

The police have summoned all the accused for an investigation.

According to the complaint filed by Amjad Mahmood and his wife Iram Amjad, Javed Sheikh and others persuaded them to invest money.

The other accused include Jahanzeb Alam, Jamal Khan, Rana Zahid, Azhar Hussain and Sameer Jadoon. They promised a 7% monthly profit.

The couple signed an agreement on official stamp papers and handed over the money.

The accused allegedly presented themselves as reputable and trustworthy individuals capable of generating substantial profits through their business ventures.

But after several months, they did not receive any returns. The couple approached the accused, seeking an explanation and their money back.

Instead of addressing their concerns, the accused allegedly threatened them, attempting to dissuade them from pursuing the matter further.

This response led the couple to take legal action, seeking justice and a return on their investment.

The police initially refused to register their complaint.

Frustrated, the couple approached the court, which directed the Rawat Police to file the case and investigate the matter.

Javed Sheikh’s alleged involvement has added a high-profile dimension to the case, attracting significant media attention.

The police have now summoned Javed Sheikh and the other accused for investigation, marking a critical step in the legal proceedings.

The outcome of the investigation and subsequent legal actions will be closely watched because it may set a precedent for similar cases in the future.

If proven, the allegations against Javed Sheikh and the other accused could lead to severe legal consequences, including imprisonment and fines.

Section 420 of the Pakistan Penal Code deals with cheating and dishonestly inducing delivery of property.

It carries a potential punishment of up to seven years in prison, a fine, or both.

Netizens were shocked to find out about Javed Sheikh’s involvement.

A user said: “It is so important to be cautious when making financial investments, especially when the promised returns appear unusually high.

“This has happened to so many people I myself know.”

Another added: “There has been an increase in renowned personalities making such frauds.

“They sell their name and reputation and scam innocent people.”

One said: “Greed will make you do all sorts of things. There is nothing that Javed Sheikh lacks in life, yet he has resorted to such measures.”

Ayesha is a film and drama student who adores music, arts and fashion. Being highly ambitious, her motto for life is, "Even the Impossible spells I'm Possible"

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