5 HDFC Bank employees arrested for financial fraud

Five employees of HDFC Bank have been arrested in connection with an alleged large-scale financial fraud in the Shopian district of Jammu and Kashmir.

The Economic Offences Wing (EOW) of the Crime Branch carried out searches in Shopian and Budgam districts on Wednesday in connection with the case, an agency spokesperson said.

“…five HDFC bank employees have been arrested so far. The arrested employees are Adil Ayoub Ganai, Irfan Majeed Zargar, Mubashir Hussain Sheikh, Zaid Manzoor and Javaid Ahmad Bhat,” the spokesperson said.

“Searches are presently underway at multiple locations in Shopian and Budgam to collect material evidence in the case,” he added, stating that a written complaint had brought the fraud at the branch to light.

The spokesperson did not disclose further details regarding the alleged offence or the modus operandi of the accused.