Srichand Parmanand Hinduja, the eldest of four Hinduja brothers,&nbsp;Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday.

SP Hinduja, Indian-born British billionaire businessman, investor, and philanthropist, had been unwell for some time, the spokesperson said.

In a statement, the family said, "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr S P Hinduja today." 
 
SP Hinduja had lost his wife Madhu in January this year. She was 82. He is survived by his daughters, Shanu and Vinoo. 
 
"He was a visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja. He played a very important role alongside his brothers in building a strong relationship between his host country, the UK and his home country, India," it added. 
 
Since the 1990s, he was consistently ranked among the UK and Asia's wealthiest people. In 2022, Hinduja topped the Sunday Times&nbsp;Rich List with an estimated wealth of £28.472&nbsp;billion sterling. Based on the rich list compiled by Asian Media &amp; Marketing Group, Hinduja's wealth is estimated at £25.2&nbsp;billion (US$31.7&nbsp;billion).

The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly SEK 81 million in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had, however, exonerated them. 
 
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Srichand Parmanand Hinduja, the eldest of four Hinduja brothers, Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday.

Srichand Parmanand Hinduja, the eldest of four Hinduja brothers, Hinduja Group chairman and founder of IndusInd Bank, died at the age of 87 in London, the family spokesperson said on Wednesday. SP Hinduja, Indian-born British billionaire businessman, investor, and philanthropist, had been unwell for some time, the spokesperson said. In a statement, the family said, "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr S P Hinduja today." SP Hinduja had lost his wife Madhu in January this year. She was 82. He is survived by his daughters, Shanu and Vinoo. "He was a visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja. He played a very important role alongside his brothers in building a strong relationship between his host country, the UK and his home country, India," it added. Since the 1990s, he was consistently ranked among the UK and Asia's wealthiest people. In 2022, Hinduja topped the Sunday Times Rich List with an estimated wealth of £28.472 billion sterling. Based on the rich list compiled by Asian Media & Marketing Group, Hinduja's wealth is estimated at £25.2 billion (US$31.7 billion). The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly SEK 81 million in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had, however, exonerated them. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Indian-born British billionaire SP Hinduja passes away at 87 in London

Indian-origin brothers dominate the annual rich list of Britain's wealthiest, with the Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds followed by Mumbai-born Reuben brothers in second place with 18.66 billion pounds.

Srichand and Gopichand Hinduja, who run the Hinduja Group of companies in the UK, registered a 1.35 billion pounds jump in their fortunes over the previous year to return to the top of the Sunday Times Rich List' after topping it back in 2014 and 2017.

"Whether or not Britain leaves the EU, Gopi Hinduja is convinced it can forge a closer relationship with his family's homeland," notes the newspaper's profile on the 79-year-old Co-Chair of the Hinduja Group, G P Hinduja.

The London-based industrialist, along with UK-based brother Sri, 83, and their brothers Prakash, 73, and Ashok, 68, who live in Geneva and Mumbai respectively, control more than 50 companies with a total turnover of nearly 40 billion pounds worldwide in 2018, notes the Rich List.&nbsp;

The family occupies four interconnected London homes in Carlton House Terrace, bought from Queen Elizabeth II in 2006. Their business empire was founded by father Parmanand in Mumbai in 1914.

The Hindujas, described as devout Hindus eschewing meat and alcohol, have stakes in oil and gas, IT, energy, media, banking, property and healthcare.&nbsp;

Some of the biggest hike in profits last year came from London-registered Hinduja Automotive, which includes North Yorkshire bus maker Optare and saw profits rise by 50 per cent to 337 million pounds on 3.5 billion pounds sales in 2017-18.&nbsp;

They had acquired former British Prime Minister Winston Churchill's old War Office in London's Whitehall for 350 million pounds back in 2014 and plan to open it as a luxury hotel with the Raffles group by 2020.

Mumbai-born siblings David, 80, and Simon, 77, with interests across property and internet, have been on a buying spree, taking hold of 1 billion pounds of London property last year. The Reuben brothers snapped up Mayfair's 300-million pounds Burlington Arcade, Shoreditch's Curtain hotel and a 132 million pounds block in Piccadilly.

"The pair could be excused for feeling flush after selling another stake in their Global Switch data centres for 2.1 billion pounds last July, two years after banking 2.4 billion pounds for a separate chunk of the business," the ?Sunday Times' notes.

The brothers, who were ranked fourth in 2018, also saw a massive 3.56 billion pounds jump in their fortunes over the previous year to come in at second this year.

Another Indian-origin billionaire, Lakshmi N Mittal, suffered 3.99 billion pounds in losses to slip down to No. 11 in this year rich list, from No. 5 in 2018. The Rajasthan-born steel magnate logged an estimated fortune worth 10.66 billion pounds last year as he gets set to take control of his first steel plant in India with a purchase from Essar Steel.

Mittal is followed in the list by Indian mining magnate Anil Agarwal, who had a good year and registered a 8.72 billion pounds spike in his fortunes to be ranked 12th with a fortune estimated at 10.57 billion pounds.

Other prominent billionaires who improved their fortunes in the 2019 analysis, which includes around 45 Indian-origin super-rich, includes textiles and plastics industrialist Sri Prakash Lohia with a 243 million pounds spike in earnings to hit No. 26 with a fortune of 5.4 billion pounds.

NRI industrialist Lord Swraj Paul logged a 500 million pounds hike in his fortune to jump up from 90th in 2018 to 69th this year, with an estimated fortune of 2 billion pounds.

There were a few new Indian-origin entries to this year's list, including Sunil Vaswani who has interests in transport and food industries. Ranked 75, India-born Vaswani clocked a fortune of 1.9 billion pounds via his frozen food and car-making empire working alongside brothers Mahesh and Haresh.

Another new entry is Lord Dolar Popat, who runs care homes and hotels in the UK. Described as the first Tory of Gujarati descent in the House of Lords, the 65-year-old peer is credited with building up TLC Group from just 10 pounds when he arrived in the UK aged 17 after being expelled by Idi Amin's regime in Uganda.

Meanwhile, chemicals firm founder Sir Jim Ratcliffe, who topped last year's list, has slipped to third place, with 18.15 billion pounds.

The list, which estimates the 1,000 richest people in the UK, is based on identifiable wealth including land, property, other assets such as art, and shares in companies. It does not include the amount contained in people's bank accounts.&nbsp;

"On the face of it this looks like a bumper year for the super-rich, with record wealth, more billionaires and the entry level rising to 120 million pounds. But many of the rich are nursing big losses after a year of turbulence on the stock market and political deadlock in Westminster, writes Robert Watts, the compiler of the list.

Technology is seen as making and breaking fortunes in this year's list, with young entrepreneurs making vast sums of money from online fashion retail, dating apps and creating YouTube videos.

The wealthiest woman in Britain is Sigrid Rausing, granddaughter of the man who invented the Tetra Pak packaging fortune. She is reportedly worth 12.2 billion pounds and ranked sixth. Zimbabwe-born Valerie Moran becomes the first black female entrepreneur ever to make the annual rich list, with a fortune of 122 million pounds from her financial technology business.&nbsp;

Indian-origin brothers dominate the annual rich list of Britain's wealthiest, with the Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds followed by Mumbai-born Reuben brothers in second place with 18.

Indian-origin brothers dominate the annual rich list of Britain's wealthiest, with the Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds followed by Mumbai-born Reuben brothers in second place with 18.66 billion pounds. Srichand and Gopichand Hinduja, who run the Hinduja Group of companies in the UK, registered a 1.35 billion pounds jump in their fortunes over the previous year to return to the top of the Sunday Times Rich List' after topping it back in 2014 and 2017. "Whether or not Britain leaves the EU, Gopi Hinduja is convinced it can forge a closer relationship with his family's homeland," notes the newspaper's profile on the 79-year-old Co-Chair of the Hinduja Group, G P Hinduja. The London-based industrialist, along with UK-based brother Sri, 83, and their brothers Prakash, 73, and Ashok, 68, who live in Geneva and Mumbai respectively, control more than 50 companies with a total turnover of nearly 40 billion pounds worldwide in 2018, notes the Rich List. The family occupies four interconnected London homes in Carlton House Terrace, bought from Queen Elizabeth II in 2006. Their business empire was founded by father Parmanand in Mumbai in 1914. The Hindujas, described as devout Hindus eschewing meat and alcohol, have stakes in oil and gas, IT, energy, media, banking, property and healthcare. Some of the biggest hike in profits last year came from London-registered Hinduja Automotive, which includes North Yorkshire bus maker Optare and saw profits rise by 50 per cent to 337 million pounds on 3.5 billion pounds sales in 2017-18. They had acquired former British Prime Minister Winston Churchill's old War Office in London's Whitehall for 350 million pounds back in 2014 and plan to open it as a luxury hotel with the Raffles group by 2020. Mumbai-born siblings David, 80, and Simon, 77, with interests across property and internet, have been on a buying spree, taking hold of 1 billion pounds of London property last year. The Reuben brothers snapped up Mayfair's 300-million pounds Burlington Arcade, Shoreditch's Curtain hotel and a 132 million pounds block in Piccadilly. "The pair could be excused for feeling flush after selling another stake in their Global Switch data centres for 2.1 billion pounds last July, two years after banking 2.4 billion pounds for a separate chunk of the business," the ?Sunday Times' notes. The brothers, who were ranked fourth in 2018, also saw a massive 3.56 billion pounds jump in their fortunes over the previous year to come in at second this year. Another Indian-origin billionaire, Lakshmi N Mittal, suffered 3.99 billion pounds in losses to slip down to No. 11 in this year rich list, from No. 5 in 2018. The Rajasthan-born steel magnate logged an estimated fortune worth 10.66 billion pounds last year as he gets set to take control of his first steel plant in India with a purchase from Essar Steel. Mittal is followed in the list by Indian mining magnate Anil Agarwal, who had a good year and registered a 8.72 billion pounds spike in his fortunes to be ranked 12th with a fortune estimated at 10.57 billion pounds. Other prominent billionaires who improved their fortunes in the 2019 analysis, which includes around 45 Indian-origin super-rich, includes textiles and plastics industrialist Sri Prakash Lohia with a 243 million pounds spike in earnings to hit No. 26 with a fortune of 5.4 billion pounds. NRI industrialist Lord Swraj Paul logged a 500 million pounds hike in his fortune to jump up from 90th in 2018 to 69th this year, with an estimated fortune of 2 billion pounds. There were a few new Indian-origin entries to this year's list, including Sunil Vaswani who has interests in transport and food industries. Ranked 75, India-born Vaswani clocked a fortune of 1.9 billion pounds via his frozen food and car-making empire working alongside brothers Mahesh and Haresh. Another new entry is Lord Dolar Popat, who runs care homes and hotels in the UK. Described as the first Tory of Gujarati descent in the House of Lords, the 65-year-old peer is credited with building up TLC Group from just 10 pounds when he arrived in the UK aged 17 after being expelled by Idi Amin's regime in Uganda. Meanwhile, chemicals firm founder Sir Jim Ratcliffe, who topped last year's list, has slipped to third place, with 18.15 billion pounds. The list, which estimates the 1,000 richest people in the UK, is based on identifiable wealth including land, property, other assets such as art, and shares in companies. It does not include the amount contained in people's bank accounts. "On the face of it this looks like a bumper year for the super-rich, with record wealth, more billionaires and the entry level rising to 120 million pounds. But many of the rich are nursing big losses after a year of turbulence on the stock market and political deadlock in Westminster, writes Robert Watts, the compiler of the list. Technology is seen as making and breaking fortunes in this year's list, with young entrepreneurs making vast sums of money from online fashion retail, dating apps and creating YouTube videos. The wealthiest woman in Britain is Sigrid Rausing, granddaughter of the man who invented the Tetra Pak packaging fortune. She is reportedly worth 12.2 billion pounds and ranked sixth. Zimbabwe-born Valerie Moran becomes the first black female entrepreneur ever to make the annual rich list, with a fortune of 122 million pounds from her financial technology business.

Hinduja brothers top UK rich list, Reuben brothers second

The Supreme Court on Friday dismissed CBI's appeal against the Delhi High Court verdict discharging all the accused including Hinduja brothers in Rs 64 crore <a href="http://www.wionews.com/india-news/rafale-deal-father-bofors-sena-mp-sanjay-raut-168646">Bofors pay-off case</a>. The CBI had filed the appeal in February this year after a 13-year delay against the Delhi High Court decision quashing charges against all the accused.

A bench headed by Chief Justice Ranjan Gogoi said it was not convinced with the grounds of the CBI on the delay in filing the appeal.

The apex court, however, said that an appeal against the same high court verdict filed by advocate Ajay Agarwal is pending and the CBI can raise all grounds in it.

Before the 2005 verdict of Justice R S Sodhi (since retired), another judge of the Delhi High Court, retired Justice J D Kapoor, had on February 4, 2004, exonerated the late prime minister Rajiv Gandhi in the case and directed the framing of charge of forgery under section 465 of the IPC against Bofors company.

The Rs 1,437-crore deal between India and Swedish arms manufacturer AB Bofors for the supply of 400 155mm Howitzer guns for the Indian Army was entered into on March 24, 1986.

Swedish Radio on April 16, 1987, had claimed that the company had paid bribes to top Indian politicians and defence personnel.

The CBI on January 22, 1990 had registered the FIR for alleged offences of criminal conspiracy, cheating and forgery under the Indian Penal Code and other sections of the Prevention of Corruption Act against Martin Ardbo, the then president of AB Bofors, alleged middleman Win Chadda and the Hinduja brothers.

It had alleged that certain public servants and private persons in India and abroad had entered into a criminal conspiracy between 1982 and 1987 in pursuance of which the offences of bribery, corruption, cheating and forgery were committed.

The first charge sheet in the case was filed on October 22, 1999 against Chadda, Ottavio Quattrocchi, the then defence secretary S K Bhatnagar, Ardbo and the Bofors company.

A supplementary charge sheet was filed against the Hinduja brothers on October 9, 2000.

A special CBI court in Delhi on March 4, 2011, had discharged Quattrocchi from the case saying the country could not afford to spend hard-earned money on his extradition which had already cost Rs 250 crore.

Quattrocchi, who had fled from here on July 29-30, 1993, never appeared before any court in India to face prosecution. He died on July 13, 2013.

The Supreme Court on Friday dismissed CBI's appeal against the Delhi High Court verdict discharging all the accused including Hinduja brothers in Rs 64 crore Bofors pay-off case.

The Supreme Court on Friday dismissed CBI's appeal against the Delhi High Court verdict discharging all the accused including Hinduja brothers in Rs 64 crore Bofors pay-off case. The CBI had filed the appeal in February this year after a 13-year delay against the Delhi High Court decision quashing charges against all the accused. A bench headed by Chief Justice Ranjan Gogoi said it was not convinced with the grounds of the CBI on the delay in filing the appeal. The apex court, however, said that an appeal against the same high court verdict filed by advocate Ajay Agarwal is pending and the CBI can raise all grounds in it. Before the 2005 verdict of Justice R S Sodhi (since retired), another judge of the Delhi High Court, retired Justice J D Kapoor, had on February 4, 2004, exonerated the late prime minister Rajiv Gandhi in the case and directed the framing of charge of forgery under section 465 of the IPC against Bofors company. The Rs 1,437-crore deal between India and Swedish arms manufacturer AB Bofors for the supply of 400 155mm Howitzer guns for the Indian Army was entered into on March 24, 1986. Swedish Radio on April 16, 1987, had claimed that the company had paid bribes to top Indian politicians and defence personnel. The CBI on January 22, 1990 had registered the FIR for alleged offences of criminal conspiracy, cheating and forgery under the Indian Penal Code and other sections of the Prevention of Corruption Act against Martin Ardbo, the then president of AB Bofors, alleged middleman Win Chadda and the Hinduja brothers. It had alleged that certain public servants and private persons in India and abroad had entered into a criminal conspiracy between 1982 and 1987 in pursuance of which the offences of bribery, corruption, cheating and forgery were committed. The first charge sheet in the case was filed on October 22, 1999 against Chadda, Ottavio Quattrocchi, the then defence secretary S K Bhatnagar, Ardbo and the Bofors company. A supplementary charge sheet was filed against the Hinduja brothers on October 9, 2000. A special CBI court in Delhi on March 4, 2011, had discharged Quattrocchi from the case saying the country could not afford to spend hard-earned money on his extradition which had already cost Rs 250 crore. Quattrocchi, who had fled from here on July 29-30, 1993, never appeared before any court in India to face prosecution. He died on July 13, 2013.

Supreme Court rejects CBI plea challenging clean chit to Hindujas in Bofors case

Britain&#39;s super-rich &quot;kept calm and carried on making billions&quot; despite worries about Brexit, according to The Sunday Times newspaper&#39;s Rich List for 2017, with more billionaires living in the country than ever before.

In the past 12 months, the total wealth of Britain&#39;s richest 1,000 individuals and families surged 14 per cent to &pound;658 billion ($854 billion, 777 billion euros), the paper said.

It said that there are now more UK-based billionaires than ever before, at 134.

Industrialist brothers Sri and Gopi Hinduja topped the list with a combined wealth of &pound;16.2 billion, up &pound;3.2 billion over the previous year.

&quot;While many of us worried about the outcome of the EU referendum, many of Britain&#39;s richest people just kept calm and carried on making billions,&quot; said the list compiler, Robert Watts.

&quot;We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialise.&quot;

Britain voted in June 2016 to leave the EU after more than four decades of membership in a referendum that sent shockwaves across Europe.

Despite gloomy forecasts ahead of the referendum, the UK economy proved resilient in the last six months of 2016 with a weaker pound and record low interest rates helping to boost exports and investor confidence.&nbsp;

&quot;A buoyant stock market usually drives the wealth of Rich Listers higher, and since last June equities have soared,&quot; Watts said.

London remains the city with the most billionaires at 86, up nine over the previous year.

Adele joins list&nbsp;

Overall, 19 people increased their wealth by &pound;1 billion or more in a year.

Publicity-shy brothers David and Simon Reuben, who topped the year last year, fell down two places despite adding &pound;900 million to their &pound;14 billion fortune.

Among the 58 newcomers -- a minimum of &pound;110 million is now required to make the list compared to just &pound;15 million in 1997 -- are famous names including chart topper Adele.

The singer, who released her third studio album &quot;25&quot; and went on a world tour in 2016, is now worth &pound;125 million, making her the sixth richest person under 30.

Football player Zlatan Ibrahimovic and &quot;Fifty Shades of Grey&quot; author EL James also made the cut for the first time.&nbsp;

Other well-known names include Paul McCartney (&pound;780 million), Elton John (&pound;290 million), Lewis Hamilton (&pound;131 million), and David and Victoria Beckham who have a combined wealth of &pound;300 million.

&quot;Harry Potter&quot; creator J.K. Rowling continued to work her magic, adding &pound;50 million to bring her estimated fortune to &pound;650 million.

Queen Elizabeth II, who turned 91 in April, slipped 10 places to become the 329th richest person in her kingdom, with a wealth of &pound;360 million.

The list does not count the totality of the income and assets from the Crown Estate -- the collection of lands and holdings belonging to the monarch but controlled by an independent board -- whose property portfolio alone is now worth &pound;12 billion.

Her fortune is therefore easily dwarfed by the Duke of Westminster&#39;s.&nbsp;

At just 26 the Duke, one of Prince George&#39;s godfathers once dubbed &quot;the world&#39;s most eligible bachelor,&quot; is at the head of a &pound;9.5 billion empire.

(AFP)

Hinduja brothers topped the list with a combined wealth of ?16.2 billion, up ?3.2 billion over the previous year.

Britain's super-rich "kept calm and carried on making billions" despite worries about Brexit, according to The Sunday Times newspaper's Rich List for 2017, with more billionaires living in the country than ever before. In the past 12 months, the total wealth of Britain's richest 1,000 individuals and families surged 14 per cent to £658 billion ($854 billion, 777 billion euros), the paper said. It said that there are now more UK-based billionaires than ever before, at 134. Industrialist brothers Sri and Gopi Hinduja topped the list with a combined wealth of £16.2 billion, up £3.2 billion over the previous year. "While many of us worried about the outcome of the EU referendum, many of Britain's richest people just kept calm and carried on making billions," said the list compiler, Robert Watts. "We expected to see a chilling effect in the run-up to the EU referendum, but that simply did not materialise." Britain voted in June 2016 to leave the EU after more than four decades of membership in a referendum that sent shockwaves across Europe. Despite gloomy forecasts ahead of the referendum, the UK economy proved resilient in the last six months of 2016 with a weaker pound and record low interest rates helping to boost exports and investor confidence. "A buoyant stock market usually drives the wealth of Rich Listers higher, and since last June equities have soared," Watts said. London remains the city with the most billionaires at 86, up nine over the previous year. Adele joins list Overall, 19 people increased their wealth by £1 billion or more in a year. Publicity-shy brothers David and Simon Reuben, who topped the year last year, fell down two places despite adding £900 million to their £14 billion fortune. Among the 58 newcomers -- a minimum of £110 million is now required to make the list compared to just £15 million in 1997 -- are famous names including chart topper Adele. The singer, who released her third studio album "25" and went on a world tour in 2016, is now worth £125 million, making her the sixth richest person under 30. Football player Zlatan Ibrahimovic and "Fifty Shades of Grey" author EL James also made the cut for the first time. Other well-known names include Paul McCartney (£780 million), Elton John (£290 million), Lewis Hamilton (£131 million), and David and Victoria Beckham who have a combined wealth of £300 million. "Harry Potter" creator J.K. Rowling continued to work her magic, adding £50 million to bring her estimated fortune to £650 million. Queen Elizabeth II, who turned 91 in April, slipped 10 places to become the 329th richest person in her kingdom, with a wealth of £360 million. The list does not count the totality of the income and assets from the Crown Estate -- the collection of lands and holdings belonging to the monarch but controlled by an independent board -- whose property portfolio alone is now worth £12 billion. Her fortune is therefore easily dwarfed by the Duke of Westminster's. At just 26 the Duke, one of Prince George's godfathers once dubbed "the world's most eligible bachelor," is at the head of a £9.5 billion empire. (AFP)

UK's super-rich get richer despite Brexit, Hinduja brothers top list

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Indian-born British billionaire SP Hinduja passes away at 87 in London

Hinduja brothers top UK rich list, Reuben brothers second

Supreme Court rejects CBI plea challenging clean chit to Hindujas in Bofors case

UK's super-rich get richer despite Brexit, Hinduja brothers top list