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Raymond Group’s Chairman, Gautam Singhania, announced his separation from his spouse, Nawaz Modi Singhania, following 32 decades of relationship in November 2023. In addition, in January 2024, the settlement talks concerning the former few collapsed when Nawaz Modi asked for 75 for each cent of Gautam Singhania’s approximated USD 1.4 billion web truly worth next their divorce.
Nawaz Modi shares that she was eliminated on invalid grounds
Lately, Nawaz Modi, who utilized to be a board director of JK Traders, Clever advisory-finserve and Raymond Purchaser Care Ltd (RCCL), discovered in an job interview with India Right now that Gautam Singhania wished her taken off from the board of administrators of the team. She even further asked if the important shareholder promotor lost his confidence in her for carrying out her occupation correctly. Sharing that she was taken off from the board as she identified as him out, Nawaz Modi said:

“They are invalid grounds for my elimination. Has the important shareholder promotor shed his self-confidence in me for undertaking my task, performing my duty? He (Gautam) has misplaced his self confidence in me mainly because I am calling him out. I am heading to be detailing these factors out. This is his way of running. Even all the AGMs are generally held in Ratnagiri, so that men and women or shareholders are not ready to get there. These are his ‘Bhindi bazaar’ tactics, as even his father phone calls it, of robust-arming individuals in a bid to get them out.” 
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Nawaz Modi asks for 25 for every cent share of the firm for every of her daughters
Nawaz Modi additional mentioned that her father-in-regulation, Dr Vijaypat Singhania, supported her demand from customers and preferred her to get 50 for each cent of his prosperity, and the remaining 50 for every cent must be supplied to Gautam Singhania. Even so, she demanded another 25 for every cent for every single of their daughter, Niharika and Nysa. In her phrases: 


“It’s USD 1.4 Billion on paper. My father-in-regulation, Dr Vijaypat Singhania, says I really should be receiving 50 for every cent of his prosperity while Gautam (Singhani) really should retain the other 50 for every cent. But I want only 25 for each cent each individual for my daughter Niharika and Nysa.” 

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While speaking about her divorce from Gautam Singhania, Nawaz Modi stated that points obtained unappealing between the two when she became a ‘whistleblower’ and opened up about her estranged husband’s mismanagement of the corporation. In addition, she also alleged that Gautam Singhania assaulted her and her minor daughter on his birthday very last yr.
Nawaz Modi alleges that Gautam Singhania assaulted her and her slight daughter
In the exact report, she additional said that the Raymond main experienced kicked, slapped and punched her and her daughter for many minutes. Nawaz Modi had submitted a police complaint and was admitted to a hospital because of to her damaged back again. In her terms:

“The incident occurred immediately after I started out calling him out for his misdeeds. I commenced contacting him out in August 2023, and the incident transpired in September on his birthday. He slapped, kicked, and punched our small daughter and me for several minutes non-cease. I filed a law enforcement grievance. Subsequently, I was hospitalised for several times and came out with a damaged back again. I went straight to the law enforcement for a additional assertion.” 
What are your thoughts about Nawaz Modi’s stunning revelations? 

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