FIR REGISTERED AGAINST KOTAK MAHINDRA BANK TRANSFERRED TO DIU/NDD, MANDIR MARG, NEW DELHI.

1. PRESS NOTE FIR REGISTERED AGAINST KOTAK MAHINDRA BANK TRANSFERRED TO DIU/NDD, MANDIR MARG, NEW DELHI. The FIR No. 0120/2019 dated 19/10/2019 U/s 420 & 34 registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents, has been transferred by PS Barakhamba Road, New Delhi to DIU/NDD, Mandir Marg, for proper further investigation and the proper investigation regarding forgery and fabrication of documents has been already started by DIU Mandir Marg by sending necessary notices to all accused. After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi for malicious prosecution of the applicants, under Section 200 r/w 190 Cr. P.C. and for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. The complainant Bagla Family was not aware of the involvement of certain person including the then Directors of Kotak Mahindra Bank, therefore had primarily made them as “unknown”accused. Now, by a search report issued by a Chartered Accountant/Company Secretary, it revealed and verified that Mr. Anand Mahindra along with certain other persons were Directors of Kotak Mahindra Bank at the relevant time. The complainant accordingly made them accused / party to the said complaint of malicious prosecution. In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr. Chengalath Jayram, Dipak Gupta, Ms. Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal), Mr. Sanjay Kumar, Officer, Kotak

2. Bank and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused. It has been alleged in the complaint that the officials of the Bank in collusion and in connivance with each other, hatched a conspiracy and forged and fabricated documents including one affidavit and a power of attorney which were alleged to have been executed by one of the Bagla’s family member i.e. Mr. Bhupendra Bagla for mortgaging leased property against an unsecured loan and on the basis of which the Bank initiated recovery proceeding before the Ld. DRT. It has been further alleged in the complaint that the accused in connivance with each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the accused. It has been further alleged in the complaint that the averments made by the accused in this regard has resulted in multiple litigations and publication, which are public documents and due to such malicious publication and false allegations, the reputation of complainant and Dr. Bagla’s family, got tarnished in the eyes of their friends, employees, business relations etc. It has been also alleged that the credibility built by the Complainant over a span of time, has been shattered due to leveling the false, frivolous, fictitious and baseless allegations against the complainant. The Court has been prayed to take cognizance of the matter and also prayed to punish the named accused as per law. Bagla family’s complaint for malicious prosecution against Kotak Mahindra Bank and its officials was listed before the Court of Metropolitan Magistrate, Patiala House Courts, New Delhi wherein the Court has directed the complainant to file certified copies of the judicial record as relied upon and FIR lodged on the complaint of the accused, before the next date of hearing. *****