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Ex-trustees misappropriated Rs 1,500 cr, claims Lilavati Hospital Trust

Business Standard LogoBusiness Standard19h ago

Ex-trustees misappropriated Rs 1,500 cr, claims Lilavati Hospital Trust - Business Standard

Quick Summary:

The complaints allege the misappropriation, uncovered during a forensic audit of Lilavati Hospital's financial records, has impacted the trust's operations and healthcare services provided by the leading private medical facility located in upscale Bandra area.

The charitable trust that runs Mumbai's well-known Lilavati Hospital on Tuesday alleged that funds to the tune of over Rs 1,500 crore were misappropriated by its former trustees and other related individuals.

The Lilavati Kirtilal Mehta Medical Trust (LKMMT) has lodged separate complaints with the Enforcement Directorate (ED) and at the Bandra Police Station in this regard.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 08:17:36 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26909329

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 282 posts per day

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News Last Updated: 3 hours ago

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