Police Jammu and Kashmir examines fraud with more crore uncovered in the internal audit HDFC Bank at its branch in Shopian district of Union Territory
Through its head cluster South Kashmir, the bank filed at the Police Station Shopian Fir, accusing two of its employees who have published their financial fraud at their business branch in the last many years. Both accused of companies – Irfan Zargar and Aadil Ayub – were published as managers in the bank after a second, during which they allegedly made fraud.
The bank’s management filed a company after an internal investigation by this matter.
Firms (168/2025) were registered according to sections 316 (5) (criminal breach of trust), 318 (4) (cheating), 336 (3) (counterfeiting), 340 (2) (using a forged document or electronic record) Bharatiya Nyaya Sanhit (BNS). The accused was also reserved according to Section 66 (a). C) of the Act, which deals with fraudulent or dishonest use of electronic signature, password or other unique identification functions of another person.
The irregularity was detected by the wing of the transformation and checking of the branch of the bank in June this year. The bank found a change between the physical cash of the account holder and an electronic record.
Livemint found that the bank found a shortage £1.35 crore on your account. The bank addressed the account holder, an entrepreneur named ASIM IQBAL WANI, director Freshman, CA shop in Pulwama. Asim found that his rental account is still showing an outstanding balance against him, although he has already received a night from the bank.
“The bank found that the manager at that time did not close the rental account, although all payments were made. In fact, her records showed an outstanding balance of 1.35 crore against me,” ASIM said.
When the word spread, other branches’ holders also found irregularities in their transactions. Harried account holders wrote e -maily and letters of the bank’s management, including the chairman.
In one case that Livemint spoke with, the manager published a fake document FD £20 Lakh on the account holder took money from him. The customer was shocked when he found that the FD he was banking for years did not exist at all.
Finally, it was found that the financial fraud has been taking place at the Bank’s branch since 2020.
The bank is the administrator of the money. There is an agent relationship between the bank and its employees. The director is responsible for fraud committed by his agents during employment.
Livemint addressed HDFC corporate communication for comment via E -mail and phone. The bank spokesman refused to comment since the case is now under police investigation. The bank took steps against managers, one of which was suspended.
“We are glad that the bank filed a company. But what about our money? After all, the bank is a guardian of money. There is an agent-principal relationship between the bank and its employees.
Companies say that since the case has a “intermentary consequence” and has a public importance involving complex and technical knowledge, it has been proposed to be transferred to the economic offense of the Jammu and the Kashmirian Police.
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