Mumbai (Maharashtra) [India]June 9 (ani): lilavati kirtilal mehta medical trust (lkmm trust) Has called for the immediative Suspension and Prosecution of Managing Director and CEO of HDFC Bank, Sashidhar Jagdishan, Sashidhar Jagdishan, Alleging THE LATTER was directly involved in “Serious Financial Fraud, Criminal Conspiracy, Abuse of Fiduciary Position, Evidence Tampering, and Obstruction of justice.”
The Trust has filed an Fir against HDFC Bank’s MD and Ceo.
According to an exchange filing by HDFC Bank on Sunday evening, in 2001, splendour gems limited, owned by the mehta family, defaulted on loan factories granted in 1995 by hdfc bank and the Osotar Consta Banks. The private lender informed stock exchanges that it vows to continue all lawful remedies to recover the dues from the defaulter.
According to the private lender, the outstanding dues towards HDFC Bank, Including Interest, Amount to Approximaately 65.22 Crore as of May 31, 2025.
“In response to ongoing recovery proceedings, members of the mehta family have initiated multiple legislations and complaints agents against HDFC Bank and Its Senior Office. Complaints, Minority rights petitions, and representations to regulatory authorities-All of which have been dismissed or under Legal Challenge. Retaliator in Nature and Have Malafide Internation Solly at Evading Repayment of long-standing dues. Maintains that these allegations are complete false, outrageous and constitute a gross mise of the legal process. HDFC Bank Firmly believes that “these Actions (by Mehta Family) Are a deliberate attempt to obstruct and undermine leagitimate Recovery Proceedings Related to Substantiy By splendour gems limited, “The bank said in its filing on Sunday.
“Having exhausted all legal avenues without success, these individuals have now resorted to launching personal attackers agent hdfc bank and itrs in a clea Intimidate HDFC Bank ITO Halting Its Recovery Actions.
Earlier in a statement on June 7, the Trust Claimed That Firs Against The HDFC Bank MD and CEO was not based on Allegations Alone but was substanted. The trust alleged that the bank officials Seized Cash Ledgers and Handwritten Diarys, Email Trails Showed Bribery Attempts, Misuse of CSR Funds to Bribe Hospital Staff, and Internal Banking Records Forged payment vouchers.
“This is not a private feud or a commercial moisundstanding. Abused his institutional position not only to suppress trousing but subvert justice. Permanent Trustee of Lkmm Trust. (Ani)