Lalit Modi's son Ruchir escalates fight in Godfrey Phillips India

Writes to NSE, BSE again, questioning appointment of Bina Modi as firm's president and MD

In a new twist to the Godfrey Phillips dispute, Ruchir Modi, grandson of the late K K Modi, on Wednesday shot off letters to the National Stock Exchange and BSE, alleging once again that the appointment of Bina Modi, his grandmother, as president and managing director of the company was “effectuated in a fraudulent manner” and in violation of statutory provisions and principles of corporate governance.

In this, he was responding to a letter written by GPI to the stock exchanges on November 10. The letter was on the outcome of the board meeting held on Tuesday.

Ruchir Modi, son of Lalit