The Lilavati Kirtilal Mehta Medical Trust has called on financial sector regulators to suspend and prosecute HDFC Bank MD & CEO Sashidhar Jagdishan in a case of alleged financial fraud.
In a statement on Saturday, the members of the trust said that they were seeking these actions on the basis of a court order by the Mumbai Magistrate Court and a resultant first information report filed by the Bandra police station.
According to an order passed on May 30, a copy of which was reviewed by NDTV Profit, the Bandra police station in Mumbai was asked to file an FIR against Jagdishan and seven others in the case. NDTV Profit has also reviewed a copy of the FIR.
The allegations against Jagdishan state that one of the erstwhile members of LKMM had paid him Rs 2.05 crore, for the sole purpose of harassing the father of one of the current members of the trust. The petitioners have alleged that the transaction was recorded in a hand written diary. The diary was recovered by the current members.
The Magistrate court sought for any more evidence available in the matter, to which the LKMM members said that the erstwhile members had likely destroyed all evidence in the matter.
The court in its order said that the conditions necessary to file a complaint have been fulfilled. It also asked the police to investigate these allegations to prove them.
LKMM manages Mumbai’s Lilavati Hospital in Bandra.
HDFC Bank is yet to respond to queries from NDTV Profit. This story will be updated once the responses are received.
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