Srinagar, Feb 18 (KNS): The Economic Offences Wing (EOW) of the Crime Branch, Jammu and Kashmir, on Tuesday conducted searches in Shopian and Budgam districts in connection with an alleged large-scale financial fraud at a branch of HDFC Bank in south Kashmir, officials said.
The case, registered as FIR No. 30/2025 under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act at Police Station EOW Kashmir, pertains to alleged financial irregularities at the HDFC Bank branch in Shopian.
The matter surfaced following a written complaint highlighting suspected large-scale fraud at the branch, they said.
On the directions of the Police Headquarters (PHQ) Jammu and Kashmir, the case was transferred from Police Station Shopian to the Crime Branch for a detailed investigation.Click Here To Follow Our WhatsApp Channel
Five bank employees have been arrested so far in connection with the case. The arrested persons have been identified as Adil Ayoub Ganai of Memendar, Shopian; Irfan Majeed Zargar of Bonigam, Shopian; Mubashir Hussain Sheikh of Kulgam; Zaid Manzoor of Anantnag; and Javaid Ahmad Bhat of Pulwama.
Officials said searches were being carried out at multiple locations in Shopian and Budgam to gather documentary and electronic evidence related to the alleged fraud.
Further investigation is underway, they added.(KNS).