Archive · 8 Jun 2025
HDFC Bank CEO Faces FIR Over Lilavati Trust Allegations
The Mehta family, connected to the Lilavati Trust, has filed a complaint against HDFC Bank's CEO, Sashidhar Jagdishan, claiming he was involved in financial fraud.
HDFC Bank denies these claims, stating the accusations are false and an attempt to prevent the bank from recovering money from a defaulted loan from Splendour Gems Ltd.
The bank says the Mehta family is using legal actions to avoid repaying the loan.
HDFC Bank's stock market performance is expected to be affected by this.
Mehta family filed FIR against HDFC Bank CEO Sashidhar Jagdishan.
FIR relates to allegations of financial fraud involving the Lilavati Trust.
HDFC Bank calls the FIR malicious and an attempt to hinder loan recovery.
The bank states the allegations are an attack due to long-standing unpaid loans.
HDFC shares are in focus following the announcement.
- Who
- HDFC Bank, Sashidhar Jagdishan, Lilavati Trust, Mehta family
- What
- FIR filed against HDFC Bank CEO over Lilavati Trust allegations.
- When
- Filed on Sunday, June 8, 2025
- Where
- India
- Why
- Mehta family claims Jagdishan's involvement in financial fraud.
Lilavati Trust/Mehta Family
HDFC Bank
Allegations
Lilavati Trust/Mehta Family
Accusations of financial fraud against the CEO.
HDFC Bank
The FIR is malicious, and an attempt to halt recovery actions.
Motive
Lilavati Trust/Mehta Family
The CEO was involved in financial wrongdoings.
HDFC Bank
The bank is being targeted to prevent debt recovery.
- Involved Individuals
- Sashidhar Jagdishan, Mehta family
- Involved Organization
- HDFC Bank, Lilavati Trust
- Allegation
- Financial Fraud
- Bank Stance
- Denies Allegations, calls it malicious
- Loan Default
- Splendour Gems Ltd (2001)
- Share Performance
- Closed 1.42% higher on Friday, June 6, 2025
Sources
Lilavati Hospital trust accuses HDFC Bank CEO of financial fraud, seeks his suspension
Lilavati Trust alleges fraud against HDFC Bank CEO, bank calls it ‘malicious’
HDFC Bank rebuts Lilavati Trust's allegations of fraud against CEO Jagdishan, calls them 'baseless and malicious'
HDFC denies Lilavati Trust’s ‘outrageous and preposterous’ allegations against CEO Jagdishan
HDFC Bank on Lilavati Trust allegations against CEO: 'Malicious bid to derail loan recovery'
HDFC Bank defends its MD & CEO, slams Lilavati Trust’s claims
FIR against HDFC Bank MD-CEO by loan defaulter
FIR filed against HDFC Bank MD and CEO by Lilavati Hospital Trust over loan default case
HDFC Bank junks Lilavati Trust's allegations against CEO Jagdishan
