New Delhi
Big news is coming out about the country’s largest private sector bank HDFC. An FIR has been registered against the bank’s MD, CEO Shashidhar Jagdishan and other bank officials in allegations related to financial fraud. However, the bank has categorically denied these allegations.
The case is related to loan dispute
According to the bank, it has been said that other banks including HDFC in 1995 splendour gems ltd. Was given a loan. Splendour gems ltd. The company belongs to the Mehta family and has failed to repay the loan since 2001. In 2004, Debt Recovery Tribunal (DRT) also ordered loan recovery from the company, but the Mehta family has not paid the amount till date. Now when the bank became strict about recovery, the Mehta family started targeting bank officials.
What is the side of the Mehta family?
Lilavati Kirtilal Mehta Medical Trust under the Mehta family has alleged that HDFC Bank’s CEO and other eight people (including some former bank employees) made a mess in the trust funds, scammed and misused money. The Mehta has demanded the family to suspend CEO and legal action against them.
