Indusind Bank — Against zonal/ senior manager working for indusind bank

Address:	500016
Website:	www.indusind.com

Hello Madam,

My name is Gopal K from Hyderabad. Few of my friends who own and live in an apartment complex in Hyderabad, Telangana have asked me to send this query/ clarification to find out if they can get a response from your bank.

One of the owner of this apartment complex who is the Zonal Manager/ Senior Manager with your IndusInd Bank, Somajiguda Branch, Raj Bhavan Road, Hyderabad, Telangana has submitted the unregistered/ wrong bye-laws details of this apartment complex so that he could open the Corpus Fund account. According to the association members the bye-laws has not been either registered with the registrar or it has the wrong details in the bye-laws (for example the bye-laws states that the apartment complex has a swimming pool and likewise few other facilities which doesn't even exist) and it seems that the Zonal Manager somehow was able to manage to provide or change the bye-laws accordingly and submitted the same and has opened the Corpus Fund account for this apartment complex. The Zonal Manager also it seems has told the residents before opening the account that if the bank finds out that he has manipulated the document details he would have issues/ problems as it is illegal to submit or provide such false/ wrong information.

Also, it seems there were only 1-2 Association Members who have signed to open this account which I was told was not the correct procedure. All these was done because the Zonal Manager it seems said that the Bank would have about 10 Lakhs in the account and that it would give him both the name and may be an increase in his salary and a promotion/ award from the Bank as usually the Corpus Fund Account is not withdrawn regularly and maintained for a long duration of time.

Please let me know if it was the correct procedure to open this kind of account with false details and the number of members who had signed so that I can reveal the name of the Manager based on the feedback I receive from my friends who wanted me to check with you in this regard.

In case IndusInd wants these people to approach the RBI or the media or the registrar or consumer court or the Police in this regard they said they would as they feel that it was not the correct procedure to open the account with false information that was provided to the bank which was even acknowledged by the Manager by stating that he would have problems legally if the Bank becomes aware of this situation and that the Bank/ RBI can even take legal action for cheating/ fraud against him,

Please request for further guidance or advice soon in this regard.

Thanks and regards,
Gopal K
[protected]@yahoo.com