Srinagar, May 7: The Economic Offences Wing (EOW) Kashmir of the Crime Branch J&K has filed a chargesheet in a major financial fraud case linked to the Shopian branch of HDFC Bank, officials said on Thursday.
The chargesheet in FIR No. 30/2025 was presented before the court of Judicial Magistrate 1st Class, Shopian, under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.
According to officials, the case surfaced following a written complaint alleging large-scale financial irregularities at the bank branch. Acting on directions from the Police Headquarters (PHQ) J&K, the matter was transferred to the Crime Branch for detailed investigation.
During the probe, the investigating agency identified several bank officials and employees for their alleged involvement in the fraud.
Those named in the case include Adil Ayoub Ganai and Irfan Majeed Zargar, both former branch managers of HDFC Bank at Pulwama and Shopian; Mubashir Hussain Sheikh, a former employee of HDFC Bank Shopian; Zaid Manzoor, a former employee of HDFC Bank Pulwama; and Javaid Ahmad Bhat, who also served at HDFC Bank Pulwama and Shopian.
Officials said the accused were arrested on February 18, 2026, and have remained in judicial custody since then.
The Crime Branch said that after completion of the investigation, a chargesheet against 11 accused persons was filed before the court for judicial determination.
