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HomeMarket NewsStocks NewsBombay HC quashes ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan
This was in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai. Shares of HDFC Bank Ltd ended at ₹772.55, down by ₹5.35, or 0.69%, on the BSE today, May 5.
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The Bombay High Court on Tuesday (May 5) quashed the first information report (FIR) registered against HDFC Bank Ltd Managing Director and CEO Sashidhar Jagdishan in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai.
A division Bench of Justices MS Karnik and NR Borkar allowed Jagdishan’s plea seeking quashing of the FIR and also set aside the magistrate court’s May 29 order directing a police probe into the matter. The court, while granting relief, observed that the complaint was “non-bona fide” and quashed the case registered against the bank chief.
The FIR was lodged on a complaint by the Lilavati Kirtilal Mehta Medical Trust through its authorised representative and trustee, Prashant Kishor Mehta. The allegations claimed that Jagdishan had accepted a bribe of ₹2.05 crore to assist a group comprising Chetan Mehta and other former trustees in allegedly retaining illegal control over the trust that manages the hospital.
Shares of HDFC Bank Ltd ended at ₹772.55, down by ₹5.35, or 0.69%, on the BSE today, May 5.
(Edited by : Shoma Bhattacharjee)
