Punjab NRI Commission issues notice to HDFC for fraud

The Punjab Commission for Non-Resident Indians has issued a notice to HDFC Bank after a UK based NRI alleged that an amount of Rs.7 million was siphoned from his account allegedly by an official of the private bank. Jagdev Singh Sanghia alleged the amount was siphoned from his NRI accounts with the HDFC Bank's Model Town branch in Jalandhar, allegedly by Harshdeep Singh Madan, a former employee of the bank who was assigned to him for personalised services when he opened four accounts in the branch in 2012. Jagdev served a legal notice to the bank but received an evasive reply, so he approached the Grievance Redressal Officer of HDFC Bank in Mumbai, but there was no response, so he sought the intervention of the commission for appropriate action against the bank. The HDFC management has now been asked to appear before the Commission on Nov.13.