Raymond Boss’ Gautam Singhania Ex-Wife Demands 75% Of His Fortune As Settlement! Nawaz Alleges He Kicked, Punched Her-REPORTS
Nawaz reportedly demanded 75% of his alleged $1.4 billion net worth for herself and her two daughters — Niharika and Nisa
Nawaz Modi, the estranged wife of Raymond’s managing director Gautam Singhania, has accused the billionaire industrialist of assaulting her and one of their daughters in a fit of rage two months ago, reported Economic Times. The alleged incident, which Nawaz claims occurred on September 9, and is said to be one of three instances of assault she endured at the hands of Singhania.
The latest report comes after Nawaz reportedly demanded 75% of his alleged $1.4 billion net worth for herself and her two daughters — Niharika and Nisa, Economic Times reported.
Singhania has recommended creating a family trust and transferring the family's assets to it, with him serving as the only managing trustee, even though it is thought that he has generally consented to the demand. However, the reports further suggested that his family members would be permitted to inherit the assets following his passing. Nawaz is thought to find this intolerable.
The ET report also suggested that Singhania has indicated plans to seek legal recourse to protect his family’s interests in light of these allegations. "In the interest of my two beautiful daughters, I would like to maintain my family's dignity, and I will refrain from offering any comment. Please respect my privacy," the report quoted Singhania as saying.
For the unversed, Gautam Singhania, 58, and Nawaz Modi, who is the daughter of solicitor Nadar Modi, tied the knot in 1999 after an eight-year courtship.
Singhania last week announced separation from Nawaz, saying the two have decided to pursue different paths.
"This Diwali is not going to be the same as many in the past," Singhania, chairman and managing director of textiles-to-real estate conglomerate Raymond Ltd, said in social media posts. "It is my belief that Nawaz and I will pursue different paths from here on."
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