Srichand Parmanand Hinduja, the eldest of the four Hinduja brothers and chairman of the Hinduja Group, passed away in London on Wednesday.
The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had however exonerated them.
"Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and chairman of Hinduja Group, Mr S P Hinduja today," a spokesperson for the family said.
A British national, he died in London after a prolonged illness. He was 87, a family spokesperson said.
The Hinduja brothers were exonerated in 2005 due to a lack of evidence.
The brothers who have been intensely secretive about the size of their wealth, have been sparring in British courts over control of family assets.
"Gopichand, Prakash, Ashok, and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, Mr. S P Hinduja today," the family spokesperson said in a statement.
It described him as a "visionary and mentor to the family bestowing the founding principles and values of our late father, PD Hinduja.
"He played a very important role alongside his brothers in building a strong relationship between his host country, the UK, and his home country, India," it said.
"A titan amongst his peers, S P Hinduja truly lived and embodied the Hinduja Group's founding principles and values. A deeply spiritual and philanthropic person, he was courageous in action and generous at heart.
His loss has left a huge void as the brothers have always been four bodies and one soul, the statement said.
"The Hinduja family is in grief and sorrow at his demise. Our prayers to the Almighty to grant his soul eternal place at His Lotus Feet."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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