SRINAGAR: HDFC Bank has refunded around Rs 4.50 crore to 13 depositors affected by alleged financial irregularities at its Shopian branch, following investigation and action by the Economic Offences Wing (EOW) Kashmir of Crime Branch J&K.
The refund was made after what the EOW described as swift and time-bound action in the case, providing relief to the affected depositors.
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 concerning alleged financial irregularities at HDFC Bank, Shopian.
The case was later transferred to Crime Branch J&K on the directions of Police Headquarters, J&K, for a detailed investigation.
During the investigation, the EOW identified five principal accused, including former branch managers and employees of HDFC Bank who had been posted at Shopian and Pulwama. All five were arrested on February 18, 2026.
After completing the investigation, the EOW filed a chargesheet against 11 accused persons before the Court of the Chief Judicial Magistrate, Shopian, in May 2026.
Criminal proceedings in the case are continuing before the competent court. The EOW said it remains committed to pursuing the matter to its logical conclusion and ensuring that the accused are dealt with in accordance with law.
