**Title:** Kalyani Family Dispute: Allegations of Fraudulent Asset Transfers
**Meta Description:** Sugandha Hiremath accuses her brother Gaurishankar Kalyani of fraudulently transferring family assets in a legal battle over Kalyani family wealth.
**URL Slug:** kalyani-family-dispute-fraudulent-asset-transfers
**Headline:** Allegations of Fraudulent Transfers Rock Kalyani Family Wealth Dispute
In a significant legal dispute, Sugandha Hiremath Kalyani, sister of industrialist Baba Kalyani, has accused her younger brother Gaurishankar Kalyani of unlawfully transferring family assets located in Karad, a city in Satara district near Pune. In a recent affidavit submitted to a Pune civil court, Sugandha claims that Gaurishankar exploited a power of attorney (POA) granted by their father, Dr. Neelkanth Kalyani, in 2008, to “illegally and wrongfully” transfer two prime properties into his name.
Sugandha asserts that the POA was intended solely for asset management and was deceitfully modified to grant powers of gifting and transferring. She has provided statements from Prakash Honrao, an employee of Gaurishankar’s firm, who alleged that he was pressured into accepting the POA and executing the transfers under duress from Gaurishankar’s wife, Rohini Kalyani.
The affidavit further states that upon discovering the alleged fraud, Dr. Neelkanth Kalyani revoked the POA in 2009 and initiated legal proceedings, which are still ongoing in a Karad court. Sugandha has also accused Gaurishankar and Baba Kalyani of secretly transferring additional joint family assets and concealing these actions from the court.
“My brothers deny the existence of the joint family nucleus and the status of the Kalyani Family HUF (Hindu Undivided Family), yet they continue to secretly transfer HUF properties to themselves using various underhanded methods, without maintaining any records of such transfers,” Sugandha stated in her affidavit, which is part of her ongoing partition suit.
In March, Sugandha filed a suit seeking her share of the family wealth, which includes numerous properties across the country and shares in 250 companies. She has requested an injunction to prevent her brothers from alienating any family assets and has called for a court order to disclose details of all family properties.
The Pune court has previously declined to issue an immediate injunction on asset transfers but is now considering Sugandha’s request for new restrictions based on the latest evidence. The next hearing is scheduled for July 22.
In response to the allegations, the faction led by Baba Kalyani stated that “despite filing numerous cases, Sugandha Hiremath has not secured a single favorable order from the courts, highlighting the falsehood of her claims.” They categorically denied the allegations against Baba Kalyani, labeling them as “baseless and malicious.”
**FAQ Section:**
**Q: What are the main allegations in the Kalyani family dispute?**
A: Sugandha Hiremath accuses her brother Gaurishankar of fraudulently transferring family assets using a power of attorney, which she claims was misused for personal gain.
