4 brothers struggle over letter dividing $16.2b fortune

A letter signed by the 4 Hinduja brothers is on the middle of a authorized dispute over the way forward for the household’s $US11.2 billion ($16.2 billion) fortune.

The 2015 doc says that the belongings held by one brother belong to all, and that every man will appoint the others as their executors. However now Srichand Hinduja, 84, the patriarch of the household, and his daughter, Vinoo, need the letter declared nugatory.

Ashok Hinduja is one of the brothers locked in the dispute.

Ashok Hinduja is likely one of the brothers locked within the dispute.Credit score:Peter Morris

The dispute between the UK-based household got here to a lightweight in a ruling delivered on Thursday (UK time) by a London decide, who mentioned that the three different brothers, Gopichand, Prakash, and Ashok, used the letter to take management of Hinduja Financial institution – an asset that was in Srichand’s sole identify.

Srichand and Vinoo need the court docket to rule that the letter ought to have “no authorized impact” and can’t be used as a will, the decide mentioned. She mentioned that Srichand had insisted as early as 2016 that the July letter does not replicate his needs and that the household’s belongings must be separated.