Srinagar, May 7: Economic Offences Wing (EOW), Kashmir, of the Crime Branch J&K has filed a chargesheet in FIR No. 30/2025 before the Hon’ble Court of the Judicial Magistrate 1st Class, Shopian. The case, registered under the relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act at Police Station EOW Kashmir, pertains to a large-scale financial fraud at the Shopian branch of HDFC Bank.
In a statement issued to media here, the CBK said that the matter came to light following a written complaint alleging financial irregularities. Subsequently, as per the directions of PHQ J&K, the case was transferred to the Crime Branch J&K for an in-depth investigation. During the probe, several individuals were identified for their alleged involvement, including Adil Ayoub Ganai, S/o Mohammad Ayoub Ganai, R/o Memendar, Shopian; A/P Hamza Colony, Baghat-e-Kanipora, Nowgam (HDFC Bank, Branch Manager Pulwama/Shopian), Irfan Majeed Zargar, S/o Abdul Majeed Zargar, R/o Sheikh Mohalla, Bonigam, Shopian (HDFC Bank, Branch Manager Pulwama/Shopian), Mubashir Hussain Sheikh, S/o Ghulam Mohammad Sheikh, R/o Karena, Kulgam (the then employee of HDFC Bank Shopian) and Zaid Manzoor, S/o Manzoor Ahmad Din, R/o Dagerpora, Khannabal, Anantnag (the then employee of HDFC Bank Pulwama), Javaid Ahmad Bhat, S/o Abdul Rahim Bhat, R/o Below Rajpora, Pulwama (the then employee of HDFC Bank Pulwama/Shopian).
The above-mentioned individuals were arrested on 18th February, 2026 and have remained in judicial custody since then.
Upon completion of the investigation, a chargesheet against a total of 11 accused individuals has been presented before the Hon’ble Court for judicial determination, reads the statement.
