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Billionaire Hinduja clan locked in battle over bank deposit

Bank of Baroda caught in bitter battle as two factions of billionaire Hinduja clan fight over a disputed deposit

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Barristers representing Bank of Baroda, Hinduja Banque, and Amas Limited presented their arguments in London’s High Court, offering a rare glimpse into the ongoing family conflict. Representational pic

Barristers representing Bank of Baroda, Hinduja Banque, and Amas Limited presented their arguments in London’s High Court, offering a rare glimpse into the ongoing family conflict. Representational pic

The London branch of Bank of Baroda has found itself embroiled in the high-profile Hinduja family feud. At the centre of the dispute is 11 million dollars (approximately Rs 100 crore) lying with the bank, which is now subject to competing claims between Hinduja Banque, a Swiss bank, and Amas Limited, a company incorporated in the Bahamas.

Hinduja Banque is controlled by the Hinduja brothers, while Amas is linked to Hinduja brothers. A few years ago, a rift emerged between the two factions regarding how the family’s financial affairs and succession issues should be managed. On Wednesday, barristers representing Bank of Baroda, Hinduja Banque, and Amas Limited presented their arguments in London’s High Court, offering a rare glimpse into the ongoing family conflict.

The dispute

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