Srinagar, March 7 -- The chief judicial magistrate of Shopian in South Kashmir rejected the bail of five HDFC bank employees in a major bank fraud case, officials said on Friday.

The Economic Offences Wing (EOW) Kashmir of the Crime Branch said that the court of the chief judicial magistrate in Shopian rejected the bail applications of the five accused persons arrested in connection with the large-scale financial fraud case at the HDFC bank's Shopian branch.

A spokesperson for the EOW said that the five bank employees were arrested in February after investigators achieved a significant breakthrough in the fraud investigation involving HDFC Bank officials.

The accused individuals include Adil Ayoub Ganai, a resident of Shopian; Irfan Ma...