Raymond's journey to 'The Complete Man' started in 1925. It is the largest manufacturer of men's suits around the world. Vijaypat Singhania took the brand to amazing heights. However, not many know that he was thrown out of his own empire by his son, Gautam Singhania. An old video of Vijaypat Singhania accusing his son of throwing everyone out of their family home has resurfaced, and netizens are reacting to it.
An old video of Raymond's founder, Vijaypat Singhania has resurfaced on the internet. In the video, the old man tried to express his pain using the simplest words. He shared how his own son, Gautam, had thrown him out of his house. Vijaypat further revealed that his son, Gautam, lives alone in a 36-storey floor building. He doesn't care about his old parents. Gautam Singhania had also thrown the nephews out of their house. Vijaypat was quoted as saying:
"He has thrown me out of my own house. What can I say? He is living alone in a 36-storey building. He has no care or consideration for his parents, for his nephews who were living there. He has thrown everybody out, because he can buy everybody."
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As soon as the video went viral online, netizens flooded the comments section. One user wrote, "Plot twist: his son who threw him out of the company is now in a divorce settlement with his wife asking for 75% of his networth." Another commented, "Now his wife is gonna throw him out. That's the circle of life." One netizen penned, "Karma hit him back."
Watch the video here!
For the unversed, Gautam Singhania has been going through a difficult phase as he parted ways with his wife, Nawaz Modi Singhania. The couple had been together for 32 years, but their wedding had hit a rough patch. According to the latest reports, Nawaz Modi demanded 75 percent of Gautam Singhania's fortune after their divorce.
According to a report by the Economic Times, Gautam Singhania has tentatively agreed to the demand but also proposed creating a family trust where he would be the sole managing trustee, a term which Nawaz didn't accept. Singhania suggested setting up a family trust, and his assets and wealth would be transferred to the trust, meaning that after his death, his family members would inherit his wealth.
The 84-year-old businessman, Vijaypat landed in trouble when he thought he was keeping his billion-dollar textile empire in the family by gifting his 37 per cent stake to his son, Gautam. It was a 2007 agreement that stated, Vijaypat would receive an apartment in the Singhania family's 36- storey JK house in Mumbai. However, that didn't happen, and Vijaypath accused his younger son, Gautam, of the same.
As the family feud escalated, the board removed Vijaypat's 'chairman' title and accused him of using foul language in letters to the company. The former chairman claims he was physically removed from his office and his possessions, including a Padma Bhushan. He dragged the matter to court and was forced to live in rented accommodation.
Gautam Singhania announced his separation from his wife, Nawaz Modi the next day after Diwali.
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