SHOPIAN — HDFC Bank has reimbursed money to 13 customers affected by alleged financial irregularities at its Shopian branch, providing relief to the depositors while criminal proceedings in the case continue.
The development was shared with the media by Advocate Habeel, who is associated with the case.
According to the advocate, the reimbursement was a positive step and could help restore confidence among depositors who had been affected by the alleged irregularities.
The reimbursement, however, has not brought the criminal proceedings to an end. The trial is continuing before the Munsif Court in Shopian, where the allegations and evidence are being examined through the judicial process.
The case relates to alleged financial irregularities at the HDFC Bank branch in Shopian. The investigation had earlier resulted in a chargesheet against 11 accused persons.
The allegations in the case include manipulation of banking records, creation of fictitious fixed deposits and unauthorised financial transactions.
Advocate Habeel said the bank’s decision to reimburse the affected customers should be viewed positively, particularly from the perspective of depositors whose funds had been impacted by the alleged irregularities.
The legal proceedings remain pending, and criminal liability will be determined by the court on the basis of evidence and submissions made during the trial.
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