Srinagar, Feb 18: Five employees of a private bank have been arrested in connection with an alleged large-scale financial fraud in Shopian district of Jammu and Kashmir, the Crime Branch said on Wednesday.
The Economic Offences Wing (EOW) conducted coordinated searches at multiple locations in Shopian and Budgam districts as part of the ongoing investigation, a spokesperson said.
“Five HDFC bank employees have been arrested so far,” the spokesperson said, identifying them as Adil Ayoub Ganai, Irfan Majeed Zargar, Mubashir Hussain Sheikh, Zaid Manzoor and Javaid Ahmad Bhat.
The fraud surfaced following a written complaint regarding irregularities at a local branch, prompting registration of a case and subsequent raids to gather material evidence, officials said.
Search operations were continuing in both districts, while authorities did not disclose details of the alleged fraud or the modus operandi used by the accused. (Agencies)
