EOW Kashmir files chargesheet in HDFC bank Shopian fraud case

Srinagar, May 7: The Economic Offences Wing Kashmir has filed a chargesheet in connection with an alleged large-scale financial fraud at the HDFC bank branch in Shopian.

According to officials, the chargesheet in FIR No. 30/2025 was presented before the Court of the Judicial Magistrate 1st Class, Shopian, under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act.

The case was initially registered at Police Station EOW Kashmir following a written complaint alleging financial irregularities at the bank branch. Acting on directions from Police Headquarters J&K, the investigation was later transferred to the Crime Branch for a detailed probe.

During the investigation, several bank officials and employees were identified for their alleged involvement in the fraud. Those named include Adil Ayoub Ganai and Irfan Majeed Zargar, both former branch managers of HDFC Bank Pulwama/Shopian, along with former employees Mubashir Hussain Sheikh, Zaid Manzoor, and Javaid Ahmad Bhat.

Officials said the accused were arrested on February 18, 2026, and have remained in judicial custody since then.

The EOW said that, upon completion of the investigation, a chargesheet against a total of 11 accused persons was filed before the court for judicial determination.