On Monday, June 9, 2025, Lilavati Kirtilal Mehta Medical Trust, a family of Mehta family, fixed a new series of claims against HDFC Bank CEO Sashidhar Jagdishan. The allegations of Lilavati Trust against the HDFC Bank CEO ranged from “bribery money” to “evidence”.
This comes after the HDFC Bank calls the allegations of “malicious and unquestionable” against the bank on Sunday. The Bank said that the Mehta family has consumed other options, and that she has now “initiated personal attacks üzere to put the bank and its executives evil and press the debtor to stop the rescue actions.
Timeline of events
1) Credit in 1995: In 1995, HDFC Bank and other consortium banks gave a loan to the Splendor Gems Ltd. of the Mehta family.
2) In 2001, the assumption: SPLENDOR GEMS LTD 2001 was officially called credit default and HDFC Bank began to look for options to save public money given to the company as a loan.
3) 2004 order: The debt rescue court gave the HDFC Bank a ‘rescue certificate’ in 2004, which gives the corporate lender to the Corporate Layer to rescue the remaining dues by the default.
4) Lilavati’s claims against HDFC CEO (2025): On Sunday, June 8, 2025, the owner of Mumbai’s Lilavati Hospital, Lilavati Kirtilal Mehta Medical Trust, HDFC Bank CEO Sashidhar Jagdishan and others were included in a number of financial fraud funds.
Güven wanted the bank CEO to be accepted and legal prosecution in relation to the claim of participation in the financial fraud and fund corruption case.
5) HDFC’s response to the claims: After the allegations made by Lilavati Trust, private bank claims officially rejected the allegations as “fundamental and malicious, and rejected the participation of the company or manager in such financial fraud.
The bank’s spokesman said on Sunday, “Lilavati Trust, the Board of Trustees and the Bank’s MD and CEO (General Manager and Chairman of the Executive Board) allegations against the factory and malicious. Ugly and unimaginable claims were rejected strongly and categorically,” he said.
6) Mehta Family Files Fir: On Sunday, the Mehta family later opened a FIR (the first event report) against HDFC Bank CEO Sashidhar Jagdishan after Lilavati Trust’s financial fraud allegations.
7) HDFC rejects the allegations: In response to Mehta Family Fır, HDFC rejected the allegations of Bank and said that the defaultists are trying to start ‘personal attacks against the bank and their managers to print their reputation to evil and to stop the rescue actions to the lender. On Sunday, the Bank described the FIR as “meaningless ..
“HDFC Bank will continue to follow all the legal solutions to save public funds and to address the retaliation actions of the Mehta family and to defend the reputation and integrity of the bank, managers and other employees,” he said.
8) HDFC sharing reaction: Despite the allegations and the Fir from the Mehta family and the Lilavati Group, the stock market investors did not reduce the stock. Private lending shares are flat or 0.01 percent below LaAfter Monday’s Sunday session, 1.978.60 La1.978.70 in the previous market.
9) Fresh Lilavati Trust Claims: On Monday, June 9, 2025, Lilavati Trust released a list of new claims against HDFC Bank and the CEO, and claimed the pointers as the “summary of mistakes .. The allegations changed to “bribery money” and “evidence creating”.
Trust claimed that the HDFC Bank CEO received La2.05 Crore in the bribe to help the Chetan Mehta group “illegal üzerinden under the control of family confidence. In addition to other major claims, CEO Sashidhar was offered to Jagdishan La1.5 CRORE in bribery under the claim of CSR for destruction and beaten of evidence and beaten LaIt is claimed that 1,000 Crore was initiated against CEO Jagdishan.
Trust, who was operated by Mehta family, also rejected the official response of HDFC Bank, claiming that previous allegations against CEO were examined by the judicial authority before registering a Fir.
Disclaimer: All views and claims in this story are Lilavati Kirtilal Mehta Medical Trust. This story does not represent Livemint’s views on the subject.
