Five employees of HDFC Bank have been arrested in connection with a large-scale financial fraud in the Shopian district, authorities said.
The arrests were carried out by the Economic Offences Wing (EOW) of the Crime Branch following searches in Shopian and Budgam districts. The accused have been identified as Adil Ayoub Ganai, Irfan Majeed Zargar, Mubashir Hussain Sheikh, Zaid Manzoor, and Javaid Ahmad Bhat.
Officials confirmed that investigations are ongoing, with searches at multiple locations to collect material evidence related to the case. The fraud was initially uncovered through a written complaint lodged at the branch.
Further details regarding the modus operandi of the accused or the extent of the financial loss have not been disclosed by authorities.
