Srinagar: The Economic Offences Wing (EOW), Kashmir of Crime Branch J&K is conducting searches in Shopian and Budgam districts in connection with FIR No. 30/2025 registered under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act at Police Station EOW Kashmir.
The case surfaced following a written complaint alleging large-scale financial irregularities at the Shopian branch of HDFC Bank.
As per official sources, the matter was initially registered at Police Station Shopian and later transferred to the Crime Branch J&K on the directions of PHQ J&K for a detailed and comprehensive investigation.
So far, five bank employees have been arrested in connection with the case. The accused have been identified as Adil Ayoub Ganai of Shopian, Irfan Majeed Zargar of Bonigam Shopian, Mubashir Hussain Sheikh of Kulgam, Zaid Manzoor of Anantnag, and Javaid Ahmad Bhat of Pulwama.
Search operations are currently underway at multiple locations in Shopian and Budgam to gather documentary and digital evidence related to the alleged fraud.
The Economic Offences Wing Kashmir said further investigation is in progress and all legal measures are being pursued to protect financial integrity and bring those involved to justice.
