• Home
  • Business
  • Family Feud Turns Violent: Son Accuses Mother of Orchestrating Attack in Billionaire's Estate Battle

Family Feud Turns Violent: Son Accuses Mother of Orchestrating Attack in Billionaire's Estate Battle

A bitter fight over the Rs 11,000 crore fortune of the late industrialist KK Modi takes a violent turn. Son Samir Modi accuses his mother Bina of orchestrating an attack to pressure him into giving up his share of the inheritance, which includes stakes in Godfrey Phillips.

Family Feud Turns Violent: Son Accuses Mother of Orchestrating Attack in Billionaire's Estate Battle

The once-private dispute over the vast fortune of the late Indian industrialist KK Modi has erupted into a public spectacle, with accusations of violence and manipulation. At the center of the storm is a fight between Samir Modi, executive director of cigarette giant Godfrey Phillips, and his mother Bina Modi, a director on the same board.

                            

 

The Economic Times reports that Samir filed a complaint with the Delhi Police, alleging that his mother orchestrated an attack on him to gain an advantage in their ongoing legal battle over KK Modi's Rs 11,000 crore estate. According to the complaint, Samir was prevented from attending a scheduled board meeting by his mother's security personnel and some Godfrey Phillips employees, who allegedly caused him "grievous hurt." Samir claims he sustained a broken finger during the altercation.

 

 

This incident highlights the deep rift within the Modi family over the inheritance. The contested estate includes nearly half of the shares in Godfrey Phillips, valued at over Rs 5,500 crore, along with stakes in other Modi group companies. Samir has reportedly challenged his mother's management of the estate in the Supreme Court.

 

Godfrey Phillips has strongly denied the assault allegations, calling them "entirely false and atrocious." The company spokesperson claims the incident was captured on CCTV cameras, implying they will provide a different perspective on the events.

Samir suspects the attack was a deliberate attempt to intimidate him and pressure him into selling his stake in the company. This comes after Bina Modi reportedly offered to buy him out, an offer he has since rejected. Further complicating the situation, Samir accuses his mother of failing to distribute funds as stipulated in a trust deed established by his father.

 

 

This bitter family feud casts a shadow over Godfrey Phillips, a major player in the Indian tobacco industry. The company's reputation and operations could be impacted by the ongoing legal battle and public scrutiny.

 

 

With both sides making strong accusations, the truth behind the alleged assault and the future of the Modi family fortune remain unclear. Only time will tell how the legal proceedings and potential release of CCTV footage will resolve this tangled web of family strife and corporate control.


Swiggy, Zomato, Blinkit and BigBasket may soon start online liquor delivery in these states
Bussiness

Swiggy, Zomato, Blinkit and BigBasket may soon start online liquor delivery in these states

Several Indian states, including Haryana, Karnataka, Tamil Nadu, Punjab, Kerala, Goa&...
Greenlam Industries: Innovating the World of Laminates

Greenlam Industries: Innovating the World of Laminates

Greenlam Industries Ltd. stands as a beacon of innovation and excellence in the global laminates ind...
Coforge received a demand notice for income tax of Rs 122 crore

Coforge received a demand notice for income tax of Rs 122 crore

In a regulatory filing on Thursday, the information technology business Coforge announced that it ha...
Chinnakannan Sivasankaran: The Visionary Behind Aircel's Journey

Chinnakannan Sivasankaran: The Visionary Behind Aircel's Journey

Chinnakannan Sivasankaran Chinnakannan Sivasankaran (also known as C Sivasankaran or Siva) is an Ind...
Amreli Constituency Lok Sabha Election Results 2024

Amreli Constituency Lok Sabha Election Results 2024

Amreli (Gujarat) Lok Sabha Election Results 2024 Updates: BHARATBHAI MANUBHAI SUTARIYA Wins by ...
Two-Wheeler Makers Zoom Ahead as Strong April Sales Spark Stock Rally

Two-Wheeler Makers Zoom Ahead as Strong April Sales Spark Stock Rally

Shares of Hero MotoCorp, TVS Motors, and Bajaj Auto surged after the companies reported robust sales...
Lemon Tree Hotels Stock Dips Despite Positive Earnings, Brokerages Bullish on Long-Term Potential

Lemon Tree Hotels Stock Dips Despite Positive Earnings, Brokerages Bullish on Long-Term Potential

Lemon Tree Hotels stock price fell despite reporting strong quarterly earnings. Brokerage firms rema...
Lenskart Secures $200 Million, Poised for Billionaire Dollar IPO

Lenskart Secures $200 Million, Poised for Billionaire Dollar IPO

Indian eyewear leader Lenskart raises $200 million from Temasek and Fidelity Management, reaching a ...
Ola Electric Trims Workforce in Pursuit of Profitability

Ola Electric Trims Workforce in Pursuit of Profitability

Ola Electric plans to lay off 400-500 employees to streamline operations and reduce costs ahead of a...
Why does LinkedIn not give its users an opportunity to fix faults for which they have been blocked?

Why does LinkedIn not give its users an opportunity to fix faults for which they have been blocked?

LinkedIn, the professional networking platform, is a vital tool for career advancement and fostering...