HDFC BANK's MD&CEO is facing legal action ?

[RAMESH BABU N]

LKMM calls for immediate suspension of HDFC BANK's MD&CEO - Sashidhar Jagadishan.

See the attachment.

Full details awaited....

 

[Dreams Of Desire 💓]

Absolutely needed. All the chennai card office should also be prosecuted. Asking for papers in hard copy in this digital era should be subjected to life imprisonment 😤

 

[Rajshikhar]

Absolutely needed. All the chennai card office should also be prosecuted. Asking for papers in hard copy in this digital era should be subjected to life imprisonment 😤

Why not capital punishment😂😂

 

[DarthBrooks]

LKMM calls for immediate suspension of HDFC BANK's MD&CEO - Sashidhar Jagadishan.

See the attachment.

Full details awaited....

Monday ko put le skte h mtlb LOL

 

[praful47]

 

[cardio_guycardio_guy is verified member.]

I know the reason. They gave me paid freedom card even though I was eligible for DCB. My curse only. 😂😂

 

[PavvanPavvan is verified member.]

But curious what the case is all about 😛
So i can't write to him 😛

 

[msd07]

He should have given infinias LTF so that he wud have got good support atleast in social media

 

[msd07]

In a letter dated June 5, the Trust alleged that senior officials at HDFC Bank facilitated the diversion of ₹25 crore through a suspicious property transaction, failing to flag the transfer despite red alerts and allowing the closure of the account without proper investigation.

The Trust's demand is supported by a May 30 order from a Mumbai Magistrate Court directing the Bandra police to register an FIR against Jagdishan and seven others.

The FIR, reviewed by NDTV Profit, includes claims that Jagdishan received ₹2.05 crore from a former Trust member to allegedly harass the father of a current trustee. This transaction was reportedly documented in a handwritten diary recovered by current Trust members.

The court noted that the conditions to initiate a criminal complaint had been met and instructed the police to gather further evidence. The Trust expressed concerns that former members might have destroyed additional proof.

This development follows a prior judgment by the Bombay High Court. On September 18, a division bench comprising Justices Bharati Dangre and Manjusha Deshpande dismissed a complaint filed by a Lilavati trustee to the State Minorities Commission.

 

[hender]

Monday ko put le skte h mtlb LOL

1-No official filing to exchange about this matter, till now.
2-Stock gained 33% in past 366 days.
3-BN and HDFC are at life time High on closing basis.
4-HDFC Mkt Cap is above 15 Lakh Crore.
5-yesterday only 1800 CR+ Delivery buying.
6-Almost 28% weightage in BN.
4-What big sharks will do...only time will tell.

 

[iSayyed]

Kuch nahi hoga! They will manage it.

 

[kuchbhikuchbhi is verified member.]

 

[hender]

1-No official filing to exchange about this matter, till now.
2-Stock gained 33% in past 366 days.
3-BN and HDFC are at life time High on closing basis.
4-HDFC Mkt Cap is above 15 Lakh Crore.
5-yesterday only 1800 CR+ Delivery buying.
6-Almost 28% weightage in BN.
4-What big sharks will do...only time will tell.

Monday ko put le skte h mtlb LOL

Update: Exchange Filing by HDFC about FIR

 

[knight]

There doesn’t seem to be much impact on the stock.
Looks like it will be short term if any, and likely after any official enquiries/action by authorities.

 

[hender]

There doesn’t seem to be much impact on the stock.
Looks like it will be short term if any, and likely after any official enquiries/action by authorities.

We are the last who got any info, big punter always have upper hand ✋.
They decide course of action, not Retail.

 

[DarthBrooks]

We are the last who got any info, big punter always have upper hand ✋.
They decide course of action, not Retail.

Sahi baat h