Srinagar, Feb 18: The Economic Offences Wing (EOW), Kashmir of Crime Branch J&K on Wednesday arrested five employees of HDFC Bank in connection with an alleged major financial fraud at its Shopian branch, officials said.
Acting on FIR No. 30/2025, the EOW is conducting searches at multiple locations in Shopian and Budgam districts as part of an ongoing probe into the alleged large-scale embezzlement.
In a statement, a spokesperson said the case has been registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the IT Act at Police Station EOW Kashmir, Crime Branch J&K. The matter surfaced following a written complaint highlighting large-scale financial irregularities at the HDFC Bank Branch Unit in Shopian.
“In compliance with the directions of PHQ J&K, the case was transferred from Police Station Shopian to Crime Branch J&K for a thorough investigation,” the spokesperson said.
The five arrested employees have been identified as Adil Ayoub Ganai of Memendar, Shopian; Irfan Majeed Zargar of Bonigam, Shopian; Mubashir Hussain Sheikh of Karena, Kulgam; Zaid Manzoor of Dagerpora, Khannabal, Anantnag; and Javaid Ahmad Bhat of Rajpora, Pulwama.
Officials said searches are underway in several locations across Shopian and Budgam to gather material evidence. The Economic Offences Wing, Kashmir, said it will continue to take all lawful measures to protect financial integrity and ensure accountability in the case.(Agency)
