The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) lodged a First Information Report (FIR), claiming Jagdishan accepted ₹2.05 crore as a bribe from a former trustee to harass the father of a current trustee. Evidence includes handwritten diary entries, with Mumbai’s Bandra police ordered to investigate following a May 30 court directive
The controversy centers on a ₹2.05 crore payment alleged by the LKMM Trust to be a bribe aimed at influencing matters involving a trustee. HDFC Bank has fiercely denied all wrongdoing, framing the issue as a retaliatory attempt by loan defaulters to disrupt a long-standing recovery process. The matter is now in the investigative phase, scrutinized by police and possibly judicial forums.
Let me know if you’d like a deep dive into the FIR copy, analysis of the bank’s past governance track record, or potential stock market ripples.
HDFC Bank share price news
HDFC Bank shares moved within a narrow range on Monday, in tandem with the overall trend on Dalal Street.
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