Whalesbook
Mumbai Police's Economic Offences Wing will summon HDFC Bank MD and CEO Sashidhar Jagdishan in connection with the Lilavati Hospital Trust's alleged financial fraud. The trust's trustees accuse former trustees and Jagdishan of diverting and misusing trust funds amounting to approximately Rs 1,300 crore. Specific allegations include receiving Rs 2.05 crore cash and facilitating a Rs 25 crore deposit without proper oversight. HDFC Bank has refuted all claims, calling them untrue and stating neither the bank nor its CEO engaged in any improper activity.