SRINAGAR (KIMS) — The Economic Offences Wing (EOW) Kashmir of Crime Branch J&K on Wednesday conducted searches at multiple locations in Shopian and Budgam districts and arrested five employees in connection with a large-scale financial fraud case at HDFC Bank in Shopian.
EOW said FIR No. 30/2025 was registered under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act at Police Station EOW Kashmir, Crime Branch J&K, following a written complaint alleging serious financial irregularities at the bank’s Shopian branch.
On the directions of Police Headquarters J&K, the case was transferred from Police Station Shopian to Crime Branch J&K for a comprehensive investigation.
So far, five bank employees have been arrested in the case. They have been identified as Adil Ayoub Ganai, son of Mohammad Ayoub Ganai of Memendar, Shopian (presently residing at Hamza Colony, Baghat-e-Kanipora, Nowgam); Irfan Majeed Zargar, son of Abdul Majeed Zargar of Sheikh Mohalla, Bonigam, Shopian; Mubashir Hussain Sheikh, son of Ghulam Mohammad Sheikh of Karena, Kulgam; Zaid Manzoor, son of Manzoor Ahmad Din of Dagerpora, Khannabal, Anantnag; and Javaid Ahmad Bhat, son of Abdul Rahim Bhat of Below Rajpora, Pulwama.
EOW said the ongoing searches are aimed at collecting material evidence linked to the alleged fraud.
Further investigation is underway and all lawful measures will be taken to safeguard financial integrity and bring those involved to justice, EOW added. — (KIMS)