THE super-rich Hinduja brothers are embroiled in a High Court battle over their £16billion fortune.
Srichand Hinduja, 84, who is said to be suffering from dementia, is suing brothers Gopichand, Prakash and Ashok over a letter in July, 2014, signed by all of them, which states that ‘assets held in any single name belong to all four’.
He is seeking a declaration that the document has no ‘legal effect, whether as a will, power of attorney, declaration of trust or other binding document’.
Yesterday, Mrs Justice Falk ruled that ‘patriarch’ Srichand is not capable of giving instructions to his lawyers and appointed his daughter Vinoo to act as his ‘litigation friend’, conducting the proceedings on her father’s behalf.
She also disclosed that the family are embroiled in litigation in Switzerland over the control of Hinduja Bank — ‘an asset in Srichand’s sole name’.
‘The defendants do not dispute that Srichand lacks capacity, and indeed have relied on it as a basis for seeking to take control of Hinduja Bank, relying on the July letter,’ the judge said.