Shopian Court rejects bail of five HDFC bank officials in fraud case

The accused persons were arrested during the course of investigation and are presently lodged in judicial custody at Central Jail, Srinagar., the statement said.

The Learned Additional Public Prosecutor, Waseem Ahmad Shah, appearing on behalf of the Economic Offences Wing Kashmir, opposed the bail applications before the Hon’ble Court. After hearing detailed arguments and examining the case records, the Hon’ble Court rejected the bail plea in FIR No. 30/2025, it added.

It further said that the case has been registered under Sections 316(5), 318(4), 336(3), 340(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS), read with Section 66(C) of the Information Technology Act, at Police Station EOW Kashmir.

The Economic Offences Wing Kashmir of Crime Branch J&K remains determined to ensuring a fair, transparent, and merit-based conclusion of the case in accordance with law. (KDC)