Lilavati Trust lies fir against the CEO of HDFC Bank, claims 'Fraud', says an 'evasion' exposition - which we know so far | Company Business News

The LKMM Trust has filed a fir against the CEO of HDFC Bank, Sashidhar Jagdishan, claiming financial fraud. However, the lender denies the allegations and claims that the Mehta family evades the repayment of fees. Here’s what we know so far … A file photo of Sashidhar Jagdishan, CEO of HDFC Bank and MD. In an escalation of the allegations against each other, the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) filed a fir against the CEO of the HDFC Bank and managing director Sashidhar Jagdishan in which they claim serious “financial fraud”. In a filing in the exchanges, the biggest lender in India maintains that the accusations are ‘retaliation in nature and that he has only an intention to evade the repayment of long -time fees’. Lilavati Trust vs HDFC Bank: What we know so far has asked Lilavati Trust for the immediate suspension and prosecution of Jagdishan for alleged direct involvement in “serious financial fraud, criminal conspiracy, misuse of fiduciary position, testimony and obstruction of justice.” HDFC Bank said in its filing that the Mehta family, who runs the trust, in 2001 did not granted loan facilities that were granted to Splendor Gem’s (also owned by the family) in 1995 by a consortium. The money shooter promised to “continue with all legal drugs to recover the fees of the defaulter”, which amounted to about £ 65.22 crore, including interest, on May 31, 2025. The bank claims that the allegations “in response to continued recovery proceedings” and “called them” retribution in nature “. ‘HDFC Bank unequivocally’ rejects and strongly condemns the malicious and unfounded allegations and maintains that these allegations are completely untrue, outrageous and a great abuse of the legal process. Hdfc bank firmly believes that these actions (by Mehta Family) are a deliberate attempt to obstruct and undermine legitimate recovery proceedings related to substantial long-outstestration dues owed by splendour gems limited, “the bank said in its filling on sunday. Why Runs Mumbai’s Lilavati Hospital, Alleged that Jagdishan and Eight Other Individuals, including Former Bank Employees, or Financial Fraud and Misbearing of the Trust Funds. has abused his institutional position to not only suppress the truth, but to undermine justice. (With inputs of ani)