Srinagar, Sep 15 (NVI) The Economic Offences Wing (EOW) Kashmir of the Crime Branch J&K has facilitated the refund of around Rs 4.50 crore to 13 depositors affected by alleged financial irregularities at an HDFC Bank branch in Shopian, officials said on Tuesday.
The refunds were made by HDFC Bank following the investigation and action taken by the EOW Kashmir in the case, they said.
The case relates to FIR No. 30/2025, registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act following a complaint regarding alleged financial irregularities at the HDFC Bank branch in Shopian.
The case was later transferred to the Crime Branch J&K on the directions of the Police Headquarters for detailed investigation.
During the probe, the EOW Kashmir identified five principal accused, including former branch managers and employees of the bank posted in Shopian and Pulwama. All five were arrested on February 18, 2026, officials said.
After completing the investigation, the EOW filed a chargesheet against 11 accused before the court of the Chief Judicial Magistrate, Shopian, in May 2026.
The criminal proceedings in the case are continuing before the competent court.
The EOW Kashmir said it would pursue the matter to its logical conclusion and ensure that the accused are dealt with in accordance with law.—(NVI)
