Chirayu Rana, a former JPMorgan banker, was reportedly seeking over $20 million as a settlement prior to filing a sexual harassment lawsuit last year, according to sources. This came despite an internal investigation by the bank that found no evidence to back his claims.
A source familiar with the situation indicated that Rana had threatened to make his allegations public in an effort to extract a substantial payout.
During this time, Rana was represented by attorney Gregory Chiarello, who has not commented publicly on the matter.
Rana filed the lawsuit in New York County Supreme Court in late April using the alias “John Doe,” but his identity was later uncovered by the media.
He alleged that executive director Lorna Hadjidini drugged him and coerced him into sex, a claim that both Hadjidini and the bank have sharply denied. One insider referred to Rana’s case as “novel.”
JPMorgan stated that after examining emails, phone records, and witness statements, they found no wrongdoing, emphasizing that Hadjidini fully cooperated while Rana did not.
The Wall Street Journal first reported that the bank had offered Rana $1 million to settle the dispute.
Subsequently, Rana’s new legal counsel, Daniel J. Kaiser, proposed a counteroffer of $11.75 million.
Jason Goldman, a prominent lawyer in New York, suggested that Rana pressured Hadjidini by sending her an accusatory letter and demanded a hefty sum under the threat of public exposure, ultimately harming her reputation when she refused to comply.
Follow the latest updates on the JPMorgan banker’s bizarre “sex slave” allegations.
Rana had been strategizing for this legal action for some time, but it seems to have accelerated after banks declined to meet his financial requests. There are mentions that he consulted an AI chatbot to explore similar claims against a supervisor at Morgan Stanley.
In December 2024, Rana informed regulators at JPMorgan that he needed an extended leave due to the alleged death of his father. However, it turns out his father is alive, as confirmed by his family home in Virginia, where his father stated he was unaware of any ongoing issues.
Rana filed a whistleblower complaint at JPMorgan in May 2025 alleging gender and racial harassment, and he has since departed the bank to join a private equity firm, Bregal Sagemount.
He resigned from that role about three weeks before his lawsuit was retracted, which The Post exclusively reported.
Documents obtained and examined by The Post indicate that the central claims in Rana’s case are contradicted by JPMorgan’s own medical records.
Rana and Hadjidini each reported to different managing directors, and Hadjidini had no control over his compensation or promotions.
Hadjidini’s attorney has firmly stated that Rana’s allegations are baseless. “Lorna categorically denies any inappropriate behavior towards him and was not present during the incident in question,” the lawyer asserted.
Rana is a Rutgers University graduate and has had a varied career on Wall Street, with positions at firms including Houlihan Lokey, Credit Suisse, Morgan Stanley, and Carlyle Group prior to his time at JPMorgan. He also had a brief stint at MidCap Financial but was let go after six months due to performance issues.
Rana’s attorney, Kaiser, contends that the allegations are valid and suggested that the media may regret their coverage when all evidence is eventually disclosed. The lawsuit remains ongoing, per court records.
