Bangalore: A massive job scam involving HDFC Life Insurance and HDFC Bank has come to light, where thousands of job seekers were allegedly deceived under false promises of employment. Despite a court-ordered FIR (Crime No. 0077/2024) against top officials of HDFC Life, the Bangalore Police have failed to take action, allegedly protecting the accused.
The Scam: Fake Jobs, IRDAI Agent IDs Misused
According to the complaint filed by victim Liji Reginold, an individual named Vinay K, a terminated employee from Kotak Life, has been illegally operating from multiple HDFC Life branches in Bangalore. Over 5,000 candidates were reportedly interviewed, their documents collected, and they were made to write IRDAI certification exams under the pretext of securing jobs. However, their agent IDs were allegedly misused by HDFC Life managers to claim commissions without their knowledge.
Top Executives Named in FIR
Following a Private Complaint Registration (PCR) at the Magistrate Court (KABC030021122024), the court ordered an FIR under IPC Sections 420 (cheating), 406 (criminal breach of trust), 504, and 506. The 10 accused include:
Vibha Padalkar (CEO, HDFC Life)
Suresh Badami (MD, HDFC Life)
Sidhwa Kushru (VP, HDFC Life)
Uzma Rushdi (GRO, HDFC Life)
Nishtha T (Fraud Investigation Officer, HDFC Life)
Mallesh P (Associate Regional Head, HDFC Life)
Ajay Kumar (Sr Branch Manager, HDFC Life)
Kedarnath Mathapthy (Sr Sales Head, HDFC Life)
Daniel Castro (Agency Business Partner, HDFC Life)
Vinay K (Main Accused, Former Kotak Life Employee)
Police Allegedly Shielding the Accused
Despite the FIR, the investigating officer, Salima Munavally of Mico Layout Police Station (BTM 2nd Stage), has failed to record statements or collect evidence. The main accused, Vinay K, is out on bail, while seven others have secured an interim stay (CRLP 3069/2024). Two accused remain under FIR but have not been questioned.
Liji Reginold claims she has repeatedly escalated the issue to senior police officials, including the DGP, Commissioner, and Home Minister, but no action has been taken. She alleges that the police are deliberately delaying the investigation to protect the accused and suppressing the case from public and media attention.
Victims Demand Justice
With the main case running in the lower Magistrate Court, the accused are not appearing for trial, and the police have not submitted the final report even after a year. Emails to the Chief Minister, Deputy CM, and Law & Order ministers have gone unanswered.
Victims are now seeking media support to expose the scam and demand action against corporate fraud and police negligence.
Advocate Syed Jaffer Mohiyuddin, representing the victims, has urged authorities to intervene and ensure justice is served.
For further details, contact:
Advocate Syed Jaffer Mohiyuddin: +91 8123111458
Liji Reginold: +91 9880510310
This case raises serious concerns about corporate fraud, regulatory loopholes, and law enforcement failures in Karnataka. Will the government and police take action, or will the accused escape accountability?
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