Bombay HC quashes ₹2-crore bribery FIR against HDFC Bank CEO Sashidhar Jagdishan

The Bombay High Court on Tuesday (May 5) quashed the first information report (FIR) registered against HDFC Bank LtdManaging 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.

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