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3w ago

Lilavati Trust Denies HDFC Bank Debt and Alleges CEO Bribe Led to Trustee’s Death

Lodging an FIR plus defamation suits over a Rs 2.05 crore bribe and alleged wrongful death, the trust rejects any loan ties even as HDFC Bank pursues its ₹ 65.22 crore recovery claim.

Lilavati Trust hits back at HDFC Bank, rejects outstanding dues
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Overview

  • The trust says neither it nor trustee Prashant Kishor Mehta ever borrowed from HDFC Bank or had links to Splendour Gems Ltd.
  • It alleges CEO Sashidhar Jagdishan accepted a Rs 2.05 crore bribe to help a rival Mehta faction maintain control of the trust.
  • Legal actions by the trust include an FIR for financial fraud and civil and criminal defamation suits seeking over Rs 1,000 crore in damages.
  • The trust claims Jagdishan’s conduct caused extreme mental anguish that led to the death of founder trustee Kishor Kirtilal Mehta.
  • HDFC Bank rejects the allegations as “baseless and malicious” and says it will continue lawful recovery of Rs 65.22 crore from the 1995 loan default.