By Admin 
Hdfc bank: Lilavati Hospital Trust has demanded action against HDFC Bank CEO Shashidhar Jagdishan for Financial Fraud. He has been accused of taking huge amount to harass the father of a member of the trust.
Lilavati Kirtilal Mehta Medical Trust has introduced hand -written transactions in the diary as evidence. However, HDFC Bank spokesperson dismissed these allegations and said, some wrong people are targeting Jagdishan. He says that some defaulters are misusing the law to avoid the recovery of the bank’s loans.
Jagadishan accused of embezzlement of 25 crores
According to the NDTV profit report, the trust has accused the bank of embezzlement of Rs 25 crore. Trust members said on Saturday that they want to take action on the basis of the order of the Mumbai Magistrate Court to register an FIR against 8 other people including Jagdishan.
Jagadishan is accused that a former member of the trust gave him Rs 2.05 crore to harass the father of another sitting member. This transaction was recorded in a hand written diary, which is now being introduced as evidence.
Bank gave this clarification on allegations
Now in a statement released on Saturday, the bank has said that the law will be resorted to to protect the reputation of MD and CEO Shashidhar Jagdishan. The bank has clarified that it is a case related to the recovery of the long -standing loan on the bank.
It was told, trustee, Prashant Mehta and his family members were outstanding a loan of a large amount taken from HDFC, which was not being paid. Recovery is being tried for almost 20 years and every time Prashant and his family are adopting some legal maneuver. After missing every level including the Supreme Court, now the MD and CEO of the bank are being targeted. The bank, while confidence in the law, said that they are sure that the trustees of the Lilavati Trust and the officials of the officials will be exposed to tarnishing the image of the bank and its MD and CEO.
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