**Allegations Against HDFC Bank CEO by Lilavati Trust**
The Lilavati Kirtilal Mehta Medical Trust, owned and managed by the Mehta family, has leveled serious allegations against Sashidhar Jagdishan, the Chief Executive Officer of HDFC Bank. On June 9, 2025, the Trust released a statement outlining a series of claims against Jagdishan and the bank, describing them as a “summary of misdeeds.” The allegations include accusations of accepting bribes and forging evidence.
The Trust, which operates the renowned Lilavati Hospital in Mumbai, asserts that Jagdishan allegedly received ₹2.05 crore in bribes to assist the Chetan Mehta Group in maintaining “illegal” control over the family Trust. The statement from the Trust emphasized, “₹2.05 crore bribe money paid to HDFC Bank MD & CEO Sashidhar Jagdishan to help Chetan Mehta group remain illegally in control of the Trust and for financial advice in looting the Trust. No denial by MD/CEO regarding these bribes and favors.”
Additionally, the Trust claims that there has been no denial from HDFC Bank concerning allegations that Jagdishan and his family received “free” medical treatment. They stated, “No denial for free medical treatment taken by MD/CEO and his family member.”
The Trust also highlighted that it deposited ₹48 crore in HDFC Bank through various deposits and bonds starting from the fiscal year 2022. They noted, “No denial that the Trust deposited 48 crores in HDFC through deposits and bonds from FY2022 onwards.”
Furthermore, the Trust accused Jagdishan of being offered ₹1.5 crore in bribes related to alleged corporate social responsibility (CSR) activities for the destruction and forgery of evidence. “No denial of MD/CEO offering 1.50 crores as bribe under alleged CSR for destruction and forging of evidence,” the Trust claimed.
The Lilavati Trust clarified that it has no connection to the borrower company or any loan recovery owed to HDFC Bank. “The LKMM Trust and Mr. Prashant Mehta have nothing to do with the borrower company nor any recovery is due from them to HDFC Bank,” they stated, asserting that they have always been a lender to HDFC Bank, having deposited ₹48 crore in fixed deposits and bonds.
In light of these allegations, the Trust has initiated civil and criminal defamation proceedings against Jagdishan, seeking damages exceeding ₹1,000 crore for the alleged losses incurred.
As the situation unfolds, HDFC Bank has yet to respond to these serious allegations. The outcome of this case could have significant implications for both the Trust and the bank’s leadership.
**FAQ**
**What are the main allegations against HDFC Bank’s CEO?**
The Lilavati Trust alleges that CEO Sashidhar Jagdishan accepted bribes, forged evidence, and received free medical treatment, among other claims.
