New Delhi, June 24 (SocialNews.XYZ) The Hinduja family is locked in a dispute over the future of the $11.2 billion fortune with ongoing litigation in

Fight in Hinduja brothers due to letter dividing $11 billion fortune: Report

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2020-06-24 11:49:02

New Delhi, June 24 (SocialNews.XYZ) The Hinduja family is locked in a dispute over the future of the $11.2 billion fortune with ongoing litigation in the UK.

Three brothers of the Hinduja Family -- G.P. Hinduja, P.P. Hinduja and A.P. Hinduja -- on Tuesday issued a statement on the litigation issue.

"It will be apparent from the Judgment of the High Court in England, that Mr. S.P. Hinduja's health has been deteriorating for a number of years suffering from Lewy Body disease, which is a form of dementia. Vinoo, his younger daughter, acting as his Litigation Friend, is bringing these proceedings on his behalf," they said.

The brothers called the litigation unfortunate. "It is very unfortunate that these proceedings are taking place as they go against our Founder's and family's values and principles that have stood for many decades, especially, 'everything belongs to everyone and nothing belongs to anyone'. We intend to defend the claim to uphold these dearly held family values," they added.

The Hindujas have emphasised that this will not affect the operations of their companies. "We would also stress that this litigation will not have any impact on our global businesses, which will continue to function as they have been." they added.