Bangur family feud gets murky

The feud in the Kolkata-based SK Bangur family is getting increasingly nastier and murkier by the day. A team of Kolkata Police, accompanied by SK Bangur’s daughter-in-law, Nitya Bangur, on Tuesday carried out search and seizure operations at the residence of Bangur at 16, Alipore Road, Kolkata for recovery of articles claimed by Nitya Bangur as her stridhan and belonging to her. The search and seizure was conducted armed with an order from the chief judicial magistrate at Alipore.

The Bangur daughter-in-law, who hails from the illustrious family of B M Khaitan of the Williamson Magor Group and is daughter of Late Deepak Khaitan (She is also the niece of Sanjiv Goenka of R Sanjiv Goenka Group), claimed that the properties are worth several crores of rupees and are all her stridhan properties which have not been handed over to her when she left the matrimonial home with her sons in June, 2017 including silver items, valuable shawls, expensive sarees, carpets, crockery, curios and showpieces, ivory items and paintings. These articles also include her investment records, bank account statements, books lying at the office of S K Bangur at Sarat Bose Road.

Tuesday’s move was necessitated following the failure of the High Court-appointed mediator- Justice Alok Chakraborty (Retd.) to arrive at an out of court solution. A similar effort by a section of the senior members of the Marwari community was to no avail either. People in the know of things suggested that a settlement amount of Rs 150 crore was fixed and papers also drawn up accordingly but at the last moment, Bangur backed out, which in turn led to bitter acrimony and the criminal complaint.

Legal and corporate circles close to the Khaitan family, which Nitya belongs to, said she was compelled to take a tough stand as the Bangurs were soft pedalling a suit filed by her sons for partitioning of Bangur family’s assets, estimated to be worth Rs 3,000 crore.

SK Bangur Group comprises West Coast Paper Mills, Fort Gloster Industries (Cable Division), Jayshree Chemicals, Kil Kotagiri Tea & Coffee Estates, Thirumbadi Rubber Co, 50 per cent of Shree Digvijay Cement Co and a property of more than 175 cottahs in Kolkata’s Alipore area.

Ritwik Mukherjee