Atul Sharma
Early Times Report
Jammu, Sept 15: The Economic Offences Wing (EOW) of the Jammu and Kashmir Crime Branch, Kashmir, has recovered nearly Rs 4.50 crore for 13 account holders who were allegedly defrauded in a financial fraud case involving HDFC Bank’s Shopian branch.
The prompt investigation and follow-up action by the EOW has resulted in the affected account holders receiving their money back, providing significant relief to the victims.
The case is related to FIR No. 30/2025, registered following complaints of alleged financial irregularities at HDFC Bank, Shopian, under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.
Following directions from the Jammu and Kashmir Police Headquarters, the case wa All five key accused were arrested on February 18, 2026, in connection with the alleged fraud.
After completing the investigation, the EOW Kashmir filed a chargesheet against 11 accused before the Court of the CJM Shopian, in May 2026.
Further legal proceedings in the case are currently underway before the competent court.
The recovery of nearly Rs 4.50 crore for 13 victims marks a significant development in the investigation and provides relief to those affected by the alleged financial fraud.
During the investigation, the EOW identified five key accused, including former branch managers and employees of HDFC Bank who had been posted in Shopian and Pulwama.
All five key accused were arrested on February 18, 2026, in connection with the alleged fraud.
After completing the investigation, the EOW Kashmir filed a chargesheet against 11 accused before the Court of the Chief Judicial Magistrate, Shopian, in May 2026.
Further legal proceedings in the case are currently underway before the competent court.
The recovery of nearly Rs 4.50 crore for 13 victims marks a significant development in the investigation and provides relief to those affected by the alleged financial fraud. | 