The Mehta Family Filed An Fir (First Information Report) Against HDFC Bank‘s Managing Director and Chief Executive Officer (CEO) sashidhar jagdishan after the lilavati trust allegations on Sunday, 8 June 2025, according to an exchange.
According to the bank’s filing on BSE, HDFC Bank’s Senior Officials are Currently Being Targeted by ‘Unscrupulous Persons’ Who are aiming to Abuse the Legal Process of the Legal Process of A A Longe Outstanding Loan from a defaulter named splendour gems ltd.
This Development Comes Despite The 2004 Debt Recovery Tribunal Order, Which ISSUED A ‘Recovery Certificate’ on Top of the Dues, Which remain “Substantily UNPAID.”
Splendour gems, which is owned by the mehta family, defaulted on its loans in 2001.
“HDFC Bank will continue to pursue all lawful remedies to recover public funds and address the retaliatory actions taken by the mehta family as well as to defend the reputation and integry of the bank, Directors and other employees, “said the private lender in its official statement.
What was the lilavati trust allegations?
Lilavati kirtilal mehta medical trust is owned and controlled by the mehta family. This is the same trust which soundt the HDFC Bank Ceo’s Suspension and Prosecution over his Alleged Involvement in Financial Fraud and Corruption Related to the TRUST.
(This is a breaking story. The story will be updated soon)