HDFC Employees Arrested in Jammu and Kashmir Financial Fraud Case

In a significant development, five employees of HDFC Bank have been apprehended for their alleged involvement in a large-scale financial fraud in Jammu and Kashmir's Shopian district. The arrests were made following a probe by the Economic Offences Wing (EOW) of the Crime Branch.

The EOW executed searches in Shopian and Budgam districts on Wednesday, uncovering significant material regarding the case, according to an agency spokesperson. The employees arrested have been identified as Adil Ayoub Ganai, Irfan Majeed Zargar, Mubashir Hussain Sheikh, Zaid Manzoor, and Javaid Ahmad Bhat.

The investigation was triggered by a written complaint that brought the fraudulent activities to light. Further searches continue as authorities gather crucial evidence, although specific details of the alleged fraud or the methods employed by the suspects remain undisclosed.