4 hrs ago
J&K Crime Branch Secures Rs 4.50 Crore Refund for Depositors
Thirteen bank depositors received about Rs 4.50 crore that they had allegedly lost.
The money was connected to suspected irregularities at an HDFC Bank branch in Shopian.
The J&K Crime Branch investigated the case.
Its Economic Offences Wing found five principal suspects, including former bank employees.
All five were arrested on February 18.
Investigators later filed a charge sheet against 11 people.
The court case is still continuing.
The investigation aims to ensure that the matter is handled according to law.
The J&K Crime Branch’s Economic Offences Wing Kashmir helped secure refunds totaling around Rs 4.50 crore for 13 depositors.
The refunds followed an investigation into alleged financial irregularities at HDFC Bank’s Shopian branch.
Five principal accused, including former bank managers and employees, were arrested on February 18.
EOW Kashmir filed a charge sheet against 11 accused before the Chief Judicial Magistrate, Shopian, in May.
Criminal proceedings remain ongoing under relevant provisions of the Bharatiya Nyaya Sanhita and Information Technology Act.
- Who
- The J&K Crime Branch’s Economic Offences Wing Kashmir, HDFC Bank, 13 depositors, and 11 accused persons are involved.
- What
- Around Rs 4.50 crore was refunded to 13 depositors after an investigation into alleged bank irregularities.
- Where
- The alleged irregularities involved HDFC Bank’s Shopian branch, with some accused having been posted in Shopian and Pulwama.
- When
- The refunds were announced on Tuesday; five principal accused were arrested on February 18, and the charge sheet was filed in May.
- Why
- The investigation followed a complaint about financial irregularities and sought to provide relief to affected depositors while pursuing the alleged offences.
Key facts
- Refund amount
- Around Rs 4.50 crore
- Affected depositors
- 13
- Bank involved
- HDFC Bank
- Location of branch
- Shopian
- Principal accused arrested
- Five
- Total accused charge-sheeted
- 11
- Case number
- FIR No. 30/2025
- Investigating agency
- Economic Offences Wing Kashmir, J&K Crime Branch
Sources
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