The Economic Offences Wing (EOW) of the Crime Branch has filed a chargesheet against 11 people in a financial fraud case linked to an HDFC Bank branch in Jammu and Kashmir’s Shopian district, officials said on Thursday.
The case, registered under the relevant provisions of the BNS and the IT Act, pertains to alleged financial irregularities at the Shopian branch of the bank, an official said.
The matter came to light following a written complaint alleging financial fraud, after which the case was transferred to the Crime Branch for an in-depth investigation, he said.
During the probe, several individuals were identified for their alleged involvement in fraud, he said.
The accused include branch managers Adil Ayoub Ganai, a resident of Memendar, Shopian, and Irfan Majeed Zargar, a resident of Shopian. Others named in the case include Mubashir Hussain Sheikh, a resident of Karena, Kulgam and then an employee of bank; Zaid Manzoor, a resident of Anantnag and a bank employee; and Javaid Ahmad Bhat, a resident of Below Rajpora, Pulwama, also employed with the bank.
The accused were arrested on February 18 and have remained in judicial custody since then, officials said.
Upon completion of the investigation, the chargesheet was filed against them in court.