Srinagar. The Economic Offences Wing of the Crime Branch has filed a chargesheet against 11 individuals in connection with alleged financial irregularities at an HDFC Bank branch in Jammu & Kashmir’s Shopian district. The accused include branch managers, bank employees and suspected associates who allegedly misused banking procedures and carried out irregular financial activities.
Bank Branch Irregularities Under Probe
According to officials, the case relates to alleged financial misconduct at the HDFC Bank branch in Shopian. After a written complaint surfaced, the matter was transferred to the Crime Branch for a detailed investigation into the suspected irregularities and the wider network allegedly involved.
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Investigators said preliminary findings pointed to possible violations of banking norms and suspicious financial activities carried out through internal systems. The complaint reportedly mentioned irregularities in banking transactions, account operations and internal processing procedures.
The Economic Offences Wing examined financial documents, account records, electronic data and the role of bank employees associated with the branch. During the investigation, several individuals were identified for their alleged involvement, leading authorities to expand the scope of the case.
Branch Managers Among Accused
Among those named in the chargesheet are branch managers Adil Ayoub Ganai and Irfan Majeed Zargar. Several other bank-linked employees and associates have also been named as accused in the case.
Investigators allege that the accused misused banking systems and internal procedures to facilitate financial irregularities. Authorities have not yet publicly disclosed the exact financial loss or the total amount allegedly involved.
Other accused named in the case include Mubashir Hussain Sheikh, Zaid Manzoor and Javaid Ahmad Bhat, who were reportedly associated with the bank at different points in time. Officials said suspicious activities related to account handling, documentation procedures and financial approvals were found during the inquiry.
Evidence Submitted Before Court
According to officials, the accused were arrested on February 18 and have remained in judicial custody since then. Investigators have submitted banking records, transaction documents and digital evidence before the court as part of the chargesheet.
The case has been registered under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act. Officials said the investigation remains open, and further questioning, financial tracing and additional arrests may take place if required.
Investigators are also examining financial trails and suspicious accounts that may have links to the alleged fraud network. With the filing of the chargesheet, judicial proceedings are expected to move forward in the coming weeks. The case has raised concerns over banking transparency, internal accountability and financial control systems in Jammu & Kashmir.
