🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
HDFC Bank CEO moves Bombay HC to quash FIR filed by Lilavati Trust over ₹2.05 cr bribery allegations
Economic Times
·
1m ago
Medial
HDFC Bank CEO Sashidhar Jagdishan seeks the quashing of an FIR filed by the Lilavati Kirtilal Mehta Medical Trust, alleging a ₹2.05 crore bribe to retain Trust control. The Trust accuses Jagdishan of financial misconduct and misuse of CSR funds, claiming his family received free medical care from Lilavati Hospital. HDFC Bank denies these allegations, asserting they are baseless, and plans legal action. The legal matter remains unresolved in the Bombay High Court.
View Source
3
Related News
Lilavati Hospital Trustee Files Fraud Case Against HDFC Bank CEO in Explosive Claim
StartupTalky
·
2m ago
Medial
The conflict at Lilavati Kirtilal Mehta Medical Trust (LKMMT) has escalated as trustee Prashant Mehta filed a fraud case against HDFC Bank CEO Sashidharan Jagdishan and seven former trustees, alleging embezzlement and deceit. The accusations include targeting founder trustee Kishor Mehta and hindering loan recovery. The FIR follows court orders and involves claims of bribery and unauthorized financial activities, with HDFC refuting the charges, labeling them a strategy to thwart recovery efforts.
View Source
SC agrees to hear HDFC CEO Sashidhar Jagdishan's appeal seeking quashing of FIR by Lilavati Trust
Economic Times
·
1m ago
Medial
HDFC Bank CEO Sashidhar Jagdishan has appealed to the Supreme Court for the quashing of an FIR accusing him of involvement in fraudulent activities concerning the Lilavati Kirtilal Mehta Medical Trust. The FIR alleges that Jagdishan accepted bribes to help retain illegal control over the trust's governance. Jagdishan has sought a stay on the investigation and protection from coercive actions, arguing that he is being targeted to thwart the recovery of a long-standing loan.
View Source
HDFC Bank says timing of allegations against CEO Sashidhar Jagdishan reveals 'devious' motive of Lilavati Trust
Economic Times
·
1m ago
Medial
HDFC Bank has responded to allegations by the Lilavati Trust against its Managing Director and CEO, Sashidhar Jagdishan, describing them as baseless and with malicious intent to hinder legal recovery actions. The bank maintains its compliance with legal standards and has dismissed the accusations as false. Legal actions for defamation are underway, and the trust claims its actions are based on a court order mandating an investigation against Jagdishan and others.
View Source
BharatPe fraud: Ashneer Grover, wife move Delhi HC challenging Look Out Circular
Livemint
·
1y ago
Medial
Former MD of payment app BharatPe, Ashneer Grover, and his wife have approached the Delhi High Court to challenge the Look Out Circular (LOC) issued against them in connection with a cheating and forgery case. They have requested the court to quash the LOC and suspend it temporarily, claiming that they have been cooperating with the investigation. The court has listed the matter for further hearing on May 8 and asked the authorities to consider their application to travel abroad. The FIR against the couple was filed by the Delhi Police's Economic Offences Wing last year.
View Source
Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe
Economic Times
·
10m ago
Medial
- Fintech firm BharatPe and its former co-founder Ashneer Grover have settled their disputes in an alleged Rs 81 crore fraud case. - Grover and his wife, Madhuri Jain Grover, have urged the Delhi High Court to quash the FIR filed against them, citing a settlement agreement. - The court has granted time for the submission of an affidavit in compliance with the settlement agreement and listed the matter for further hearing on October 8. - All disputes between complainant Resilient Innovations Pvt Ltd, BharatPe, and the accused parties have been settled, according to senior advocate Mohit Mathur. - The accused parties seek the quashing of the FIR registered by the Economic Offences Wing of the Delhi Police under multiple provisions of the Indian Penal Code. - BharatPe alleges that Ashneer Grover and his family caused damages through illegitimate payments, inflated transactions, forged invoices, and destruction of evidence.
View Source
HDFC Bank CEO Jagdishan’s appointment letter to Lilavati Trust requires forensic check, says Lilavati Trust
Economic Times
·
23d ago
Medial
Lilavati Trust is supporting a demand for a forensic check on an appointment letter allegedly involving HDFC Bank CEO Sashidhar Jagdishan as a financial advisor. Former trustee Chetan Mehta and current trustees accuse each other in a dispute involving alleged financial misconduct and secret appointments. Both sides call for a comprehensive forensic investigation into financial transactions and communications. Trusts are urged to verify the authenticity of Jagdishan’s appointment under Mehta's tenure.
View Source
Abhinay Maths Accuses Classplus Founders, Others Of Cheating & Forgery
Inc42
·
1y ago
Medial
Abhinay Sharma, the founder of Abhinay Maths, has filed an FIR against the founders and executives of Classplus, accusing them of cheating, forgery, fraud, and copyright infringement. The FIR names Classplus co-founders Mukul Rustagi and Bhaswat Agarwal, CFO Sankalp Agarwal, and VP of business Ayush Agarwal, as well as GSV Ventures managing partner Deborah Quazzo. The allegations include the unauthorized acquisition of assets valued at INR 70-80 Lakh and the use of counterfeit stamps. Classplus had invested in Abhinay Maths last year. Classplus had previously faced a lawsuit for alleged cheating and criminal breach of trust.
View Source
BharatPe Vs Ashneer Grover: A Settlement Or Compromise?
Inc42
·
10m ago
Medial
Fintech unicorn BharatPe has announced the settlement of its long-standing legal dispute with former MD and co-founder Ashneer Grover. As part of the settlement, Grover will no longer have any association or shareholding in the company. The court's view on the matter is still unknown, but sources suggest that if the Grovers appeal to quash the FIR, BharatPe will not object. This settlement has raised questions about the board's decision and the impact on BharatPe's reputation. Concerns remain about the allegations and whether this settlement sets a problematic precedent for founders in similar situations.
View Source
Rajasthan vendor lodges FIR against 4B Network's Rahul Yadav alleging fraud
Livemint
·
1y ago
Medial
A vendor named Vikas Om Prakas Noval from Rajasthan has lodged an FIR against 4B Networks and its founder Rahul Yadav for fraud and criminal breach of trust. The FIR was filed under sections 406, 409, 420, and 34 of the Indian Penal Code. The vendor claims that 4B Networks owes them ₹10 crore for advertising services provided in 2022, involving the installation of 83 advertisement hoardings in Pune.
View Source
Economic Offences Wing registers FIR against BharatPe ex-boss Grover
Livemint
·
1y ago
Medial
The Economic Offences Wing (EOW) of Delhi Police has registered a first information report (FIR) against Ashneer Grover, the former managing director of BharatPe, and his family members. The FIR includes charges such as criminal breach of trust, cheating, forgery, and criminal conspiracy. This comes in response to a criminal complaint filed by BharatPe accusing Grover and his family of committing a ₹81.28 crore fraud. BharatPe alleges financial discrepancies, irregularities in recruitment, and hiring of third-party vendors. Grover has been the subject of multiple lawsuits, including one filed by BharatPe seeking damages.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
