Business • Jun 26, 2025

Bribery allegations ignite legal battle between Lilavati Trust and HDFC Bank

Sashidhar Jagdishan, HDFC Bank's CEO, has been accused by Lilavati Hospital Trust of taking a ₹2.05 crore bribe to help a former trustee gain control of the Trust.
The situation has escalated with legal cases in Mumbai courts and FIRs against Jagdishan and others for allegedly harassing the late Kishor Mehta, with the context being related to loan recovery proceedings.

TL;DR

Both sides now accusing each other of defamation

Jagdishan is fighting back, asking the Bombay High Court to dismiss the case, saying the evidence is just selective diary entries with no solid proof.
Meanwhile, the Trust claims HDFC Bank tried to smear their name after these accusations came out and wants a CBI investigation for justice.
Both sides are now accusing each other of defamation.