Public Pulse

Calcutta High Court summons Global HSBC Head honchos on criminal fraud committed on retired Indian Army major

HSBC has done it again. In the past Suchitra Krishnamoorthy, a film star who played “Anna” opposite SRK in Khabhi Khushi Khabhi Ghum, had complained to SEBI of the way she had been defrauded by the Bank. The actress had been fighting a long battle with the global banking major. When HSBC found out that she had money deposited in her HSBC account they promised her extravagant assured return of 24% from mutual funds as well as insurance. Each time Ms. Krishnamoorthy complained about losses in her account, the standard reply was that the relationship manager has been fired and that the bank will make up for the losses with judicious investments. Needless to say, the losses were never made good. The one-way road for the customer was downhill.