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‘Jogani vs Jogani’: How Dispute With Brothers Cost Tycoon Rs 20,000 Crore

2Mar

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‘Jogani vs Jogani’: How Dispute With Brothers Cost Tycoon Rs 20,000 Crore

[ad_1] The case titled Jogani v. Jogani unfolds in the California Superior Court, Los Angeles County.A 21-year legal battle among five brothers from India, renowned for their success in the diamond trade and Los Angeles real estate, has reached a turning point with a groundbreaking verdict. Haresh Jogani has been ordered by a jury to pay over $2.5 billion in damages to his brothers, Shashikant, Rajesh, Chetan, and Shailesh Jogani, and to divide their extensive Southern California property holdings, consisting of around 17,000 apartments.The legal dispute, known as Jogani v. Jogani, stems from accusations that Haresh Jogani violated a longstanding partnership with his siblings. This complex case, often likened to Charles Dickens' Bleak House, has endured 18 appeals, numerous attorneys, an...

All About Indian Tycoon Who Is Ordered To Pay Rs 20,000 Crore To 4 Brothers

[ad_1] Haresh Jogani is the director at JK Property Inc and is based in Los Angeles. (Representational)After a lengthy five-month trial, tycoon Haresh Jogani has been ordered by a jury to pay over Rs 20,000 crore in damages to his brothers - Shashikant, Rajesh, Chetan and Shailesh Jogani. The dispute revolves around dividing their Southern California property empire, comprising about 17,000 apartments valued at billions.The trial, over allegations that Haresh breached a partnership with his siblings, has endured 18 appeals and multiple judges in the Los Angeles Superior Court. This legal battle is now being compared to Charles Dickens' novel Bleak House but with a twist. The jury determined the property ownership percentages, with Shashikant owning 50%, Haresh 24%, Rajesh 10%, Shailesh 9...

Indian Businessman To Pay Over Rs 20,000 Crore To His Brothers. Here’s Why

[ad_1] The 2003 lawsuit already has been through 18 appealsAn obscure 21-year legal feud involving five brothers from India who have amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade.After a five-month trial, a jury ordered Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion (over Rs 20,000 crore) in damages and to divide up shares of their Southern California property empire - about 17,000 apartments worth billions more. The trial, over allegations that Haresh breached a longstanding partnership with his siblings, continues with a punitive damages hearing Monday that could add to the award.Jogani v. JoganiThe 2003 ...