HDFC Bank Shares In Focus After CEO Named In Lilavati Trust Fraud Allegations
HDFC Bank Share Price: HDFC Bank shares are likely to be in focus on Monday after its Managing Director and CEO, Sashidhar Jagdishan, was named in a police complaint filed by the Mehta family through the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which manages Mumbai's Lilavati Hospital.
According to an NDTV Profit report, the FIR was filed after a court order on May 30, 2025, which directed police to investigate financial fraud charges. The Mehta family alleges that Jagdishan received Rs 2.05 crore from a former LKMM trustee to harass the father of a current trustee. They claim this payment is documented in a handwritten diary, submitted as evidence. Further, they alleged in court that other key evidence was destroyed by former trustees. The court found grounds to file the FIR and directed authorities to investigate.
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