Crime Branch Books Five HDFC Staffers in Multi-Lakh Fraud Case in South Kashmir

Srinagar: The Economic Offences Wing (EOW), Kashmir of the Crime Branch J&K on Wedneday arrested five employees of HDFC Bank in connection with an alleged large-scale financial fraud at its Shopian branch.

In a media statement, the Crime Branch said the case has been registered as FIR No. 30/2025 under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act at Police Station EOW Kashmir.

The alleged fraud, the statement says, came to light following a written complaint highlighting financial irregularities at the Branch Unit Shopian. Subsequently, on the directions of Police Headquarters (PHQ) J&K, the case was transferred from Police Station Shopian to the Crime Branch for in-depth investigation.

The arrested employees have been identified as Adil Ayoub Ganai of Memendar, Shopian (also residing at Hamza Colony, Baghat-e-Kanipora, Nowgam); Irfan Majeed Zargar of Sheikh Mohalla, Bonigam, Shopian; Mubashir Hussain Sheikh of Karena, Kulgam; Zaid Manzoor of Dagerpora, Khannabal, Anantnag; and Javaid Ahmad Bhat of Below Rajpora, Pulwama.

Search operations are currently underway at multiple locations in Shopian and Budgam districts to seize relevant documents and electronic records linked to the case, says the statement.