Hinduja family – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Thu, 29 Aug 2024 15:28:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Hinduja family – Artifex.News https://artifexnews.net 32 32 10 Richest NRIs On Hurun India Rich List 2024 https://artifexnews.net/10-richest-nris-on-hurun-india-rich-list-2024-6446815rand29/ Thu, 29 Aug 2024 15:28:50 +0000 https://artifexnews.net/10-richest-nris-on-hurun-india-rich-list-2024-6446815rand29/ Read More “10 Richest NRIs On Hurun India Rich List 2024” »

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Gopichand Hinduja and family have a net worth of more than Rs 1.92 lakh crore. (File)

New Delhi:
Gopichand Hinduja and family are the richest Non-Resident Indians (NRIs) according to the 2024 Hurun India rich list. There are 102 NRIs in this year’s list, of which 72% are self-made, the list showed.

Here are the top 10 richest NRIs in the list:

  1. Gopichand Hinduja and family: Gopichand Hinduja and family of the Hinduja Group have a net worth of more than Rs 1.92 lakh crore, topping the rich list for 2024. They live in London.

  2. LN Mittal and family: With a fortune of Rs 1.6 lakh crore, LN Mittal and family are the second wealthiest NRIs living in the UK. LN Mittal is the executive chairman of ArcelorMittal, one of the world’s largest steel making companies.

  3. Anil Agarwal and family: They have a fortune of Rs 1.11 lakh crore and reside in the UK. Anil Agarwal is the founder and chairman of Vedanta Resources Limited, a natural resources conglomerate.

  4. Shapoor Pallonji Mistry: The 60-year-old controls the 157-year-old engineering and construction giant Shapoorji Pallonji Group. With a total wealth of Rs 91,400 crore, he lives in the western European country of Monaco.

  5. Jay Chaudhry: The Indian-American tech entrepreneur is the CEO and founder of cloud security company Zscaler. He has a total wealth of Rs 88,600 crore. He lives in the city of San Jose in California.

  6. Sri Prakash Lohia: The founder and chairman of petrochemical and textile company Indorama Corporation has a fortune of Rs 73,100 crore. He is a resident of London.

  7. Vivek Chaand Sehgal and family: Vivek Chaand Sehgal has amassed a wealth of Rs 62,600 crore. He is the founder of Samvardhana Motherson International, an auto parts manufacturer, and lives in Dubai.

  8. Yusuff Ali MA: The chairman of Lulu Group has a fortune of Rs 55,000 crore and lives in Abu Dhabi. Lulu Group owns Lulu hypermarket chains and Lulu shopping malls worldwide.

  9. Rakesh Gangwal & family: The co-founder of IndiGo airline has a wealth of Rs 37,400 crore. He lives in Miami.

  10. Romesh T Wadhwani: He is the former chairman and CEO of Symphony Technology Group, a private equity firm for technology services. He has a net worth of Rs 36,900 crore and lives in Palo Alto in California.
     



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Hindujas Not Imprisoned, Human Trafficking Charges Dismissed: Spokesperson https://artifexnews.net/hindujas-not-imprisoned-human-trafficking-charges-dismissed-spokesperson-5953187/ Sun, 23 Jun 2024 14:28:26 +0000 https://artifexnews.net/hindujas-not-imprisoned-human-trafficking-charges-dismissed-spokesperson-5953187/ Read More “Hindujas Not Imprisoned, Human Trafficking Charges Dismissed: Spokesperson” »

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A spokesperson of the Hindujas said the family members have not been imprisoned

New Delhi:

Four members of Britain’s richest family, the Hindujas, on Sunday said they have not been subjected to any imprisonment, conviction, sentence or detention. Prakash Hinduja, 78, and his wife Kamal Hinduja, 75, son Ajay, 56, and his wife Namrata, 50, were accused of “usury” for allegedly having taken advantage of their vulnerable immigrant staff to pay them a pittance.

In the statement, a spokesperson of the Hindujas said the family members have not been imprisoned and human trafficking charges against them has been dismissed.

“The four Swiss-national members of the Hinduja Family, Kamal and Prakash Hinduja, Namrata and Ajay Hinduja, have not been subjected to any imprisonment, conviction, sentence or detention,” the spokesperson said in the statement.

“Per Swiss law procedures, the lower court’s judgment is rendered ineffective and inoperative as the presumption of innocence is paramount until and unless a final judgment by the highest adjudicating authority is enforced.

“The most serious of the charges, human trafficking, against them were completely dismissed by the court yesterday.

“It may be noted that the case has no complainants left anymore and they had declared in the court that they were led into signing statements that they didn’t even understand. They had neither intended to nor initiated such proceedings. All of them further testified that the four Hinduja family members treated them with ‘respect, dignity and like family.’

“The four family members have full faith in the Swiss judicial process and remain confident that the truth will prevail.”

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The Hindu Morning Digest, June 23, 2024 https://artifexnews.net/article68322220-ece/ Sun, 23 Jun 2024 02:01:44 +0000 https://artifexnews.net/article68322220-ece/ Read More “The Hindu Morning Digest, June 23, 2024” »

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Britain’s wealthiest family, the Hindujas, have said they were “appalled” by a Swiss court’s ruling of jail terms for some members and have filed an appeal in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers from India at their villa in Geneva. In a statement issued on behalf of the family on Friday, lawyers from Switzerland stressed their clients – Prakash and Kamal Hinduja, both in their 70s and their son Ajay and his wife Namrata – had been acquitted of all human trafficking charges.

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Hinduja family ‘appalled’ by jail term order; file appeal in higher court https://artifexnews.net/article68319822-ece/ Sat, 22 Jun 2024 07:03:31 +0000 https://artifexnews.net/article68319822-ece/ Read More “Hinduja family ‘appalled’ by jail term order; file appeal in higher court” »

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Lawyers of the accused, Nicolas Jeandin, left, and Robert Assael, right, leave the courthouse after a break in the reading of the verdict, during the trial against members of the billionaire Hinduja family, in Geneva, Switzerland on June 21, 2024.
| Photo Credit: AP

Britain’s wealthiest family, the Hindujas, have said they were “appalled” by a Swiss court’s ruling of jail terms for some members and have filed an appeal in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers from India at their villa in Geneva.

In a statement issued on behalf of the family on Friday, lawyers from Switzerland stressed their clients – Prakash and Kamal Hinduja, both in their 70s and their son Ajay and his wife Namrata – had been acquitted of all human trafficking charges.

They also dismissed media reports that any members of the family faced detention after court reports from Geneva said the four were sentenced to between four and four-and-a-half years in prison.

“Our clients have been acquitted of all human trafficking charges. We are appalled and disappointed by the rest of the decision made in this court of first instance, and we have, of course, filed an appeal to the higher court, thereby making this part of the judgement not effective,” reads the statement signed by lawyers Yael Hayat and Robert Assael and Roman Jordan.

“Under Swiss law, the presumption of innocence is paramount till a final judgement by the highest adjudicating authority is enforced. Contrary to some media reports, there is no effective detention for any members of the family,” they said.

The lawyers also pointed out that “it should also be recalled that the plaintiffs in this case had withdrawn their respective complaints after declaring to the court that they had never intended to be involved in such proceedings”.

“The family has full faith in the judicial process and remains confident that the truth will prevail,” they conclude.

The statement followed a hearing in the Swiss city of Geneva after prosecutors opened the case for alleged illegal activity, including exploitation, human trafficking and violation of Switzerland’s labour laws.

The family members were accused of seizing the workers’ passports, barring them from leaving the villa and forcing them to work very long hours for a pittance in Switzerland, among other things.

Some workers allegedly spoke only Hindi and were paid their wages in rupees in banks back in India that they could not access.

During the trial, prosecutors alleged the family spent more on their dog than on their servants.

The family’s legal team had countered the allegations and told the court the staff were treated respectfully and provided with accommodation.

According to ‘The Sunday Times Rich List’ released last month, the U.K.-based Hinduja family once again emerged as the country’s richest, with wealth estimated at around GBP 37.196 billion.

They saw this tally increase over the previous year in the wake of the opening of the brand-new luxury OWO Raffles Hotel in the heart of London.

The U.K.-based family’s group of companies, headed by chairman G.P. Hinduja, operates in 48 countries and across several sectors – automotive, oil and specialty chemicals, banking and finance, IT, cyber security, healthcare, trading, infrastructure project development, media and entertainment, power, and real estate.



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