SRINAGAR, Feb 18: The Economic Offences Wing (EOW) of the Crime Branch has arrested five employees of HDFC Bank in connection with an alleged large scale financial fraud in Jammu and Kashmir’s Shopian district.
According to an official spokesperson, coordinated search operations were carried out on Wednesday across multiple locations in Shopian and Budgam districts as part of the ongoing investigation.
The arrested individuals have been identified as Adil Ayoub Ganai, Irfan Majeed Zargar, Mubashir Hussain Sheikh, Zaid Manzoor and Javaid Ahmad Bhat. Authorities said further searches are underway to gather documentary and digital evidence linked to the case.
Officials stated that the matter came to light following a written complaint regarding irregularities at a bank branch. However, specific details about the alleged fraud and the suspected modus operandi have not been disclosed at this stage.
The investigation remains in progress.