Manipulative Reply By Kotak To SEBI – BSE And NSE Dated 05-03-2020 On The Letter Dated 26-11-2019 Addressed By Dr Santosh Kumar Bagla

Dr. Santosh Kumar Bagla informed to various higher authorities informing about the registration of FIR as per Judicial order on 14.10.2019 against Kotak Mahindra Bank, Mr. Uday Suresh Kotak, Mr. Anand Mahindra and their various officials/executive, which was sent to Reserve Bank of India, National Stock Exchange of India, Bombay Stock Exchange and Securities and Exchange Board of India. It had all details of Frauds and Cheating done by Kotak Mahindra Bank.

On the said information National Stock Exchange of India asked Kotak Mahindra Bank to clarify and explain to which the bank had replied vide letter dated 05.03.2020 to National Stock Exchange of India with very vague and Manipulating the facts,  the National Stock Exchange of India has forwarded the said letter to Dr Bagla for reference and comments.

The said reply was sent by the Kotak Mahindra Bank on receipt of the letter dated 10.12.2019 addressed by the Officer-In – Charge of National Stock Exchange of India Limited enclosing therewith the copy of the above captioned letter dated 26.11.2019 addressed by Dr. Santosh Kumar Bagla. 

Dr. Bagla has replied the said letter and pointed out that how the bank has wrongly replied with vague, Manipulative and twisted facts. He has sent various documents, evidences and court orders etc .He further informed National Stock Exchange of India to form a SIT for detailed enquiry as they are custodian of the Investors hard earned money and if any of their member are involved in any criminality and FIR registered than their duty to cancel their license of membership and also inform by the Public Notice about their frauds. Dr. Bagla offered that if National Stock Exchange of India desire he would send representative to their committee with all the documents to satisfy.