Srinagar, May 07: The Economic Offences Wing (EOW) Kashmir of Crime Branch J&K has filed a chargesheet before the Judicial Magistrate 1st Class, Shopian, in connection with a major financial fraud case at HDFC Bank’s Shopian branch involving 11 accused, officials said on Thursday.
In a statement issued to the Asian Mail, a spokesperson said the Economic Offences Wing (EOW), Kashmir, of the Crime Branch J&K has filed a chargesheet in FIR No. 30/2025 before the 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.
He said, 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). 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,” said the spokesperson.
