The Hindu Business Line : We're united in securing Estate for charity: Birlas

THE Birla families today said that they are seeking to secure the Estate of late Priyamvada Birla in order to ensure that this is left for charity as was the wish of late M.P. Birla.

In a statement issued here today, the Birla families stated: "The Birla family knows that the late M.P. Birla had clearly and unequivocally decided to leave his entire Estate for charity and this desire was repeated several times by late Priyamvada Birla to the family and family friends."

The statement, issued by the families of Mr K.K. Birla, Mr B.K. Birla, Mr G.P. Birla, Mr S.K. Birla, Mr C.K. Birla, Mr Sidharth Birla, Mr K.M. Birla and Mr Yash Birla, declares that the "unanimous view of all Birla families is that none of the Birla families want a rupee of the assets of late Priyamvada Birla."

"The purpose of this statement is to make it clear that the Birla families are united to secure the Estate for charity as late M.P. Birla had intended - and none of the families would like to have any share of the assets," it said.

Priyamvada Birla is reported to have left all her assets - worth Rs 5,000 crore - to Mr Rajan S. Lodha, a Kolkata-based chartered accountant and the auditor to many of the Birla companies. This is the first time that control of Birla assets have been granted to a person who is not part of the family.

The Birla family is now contesting the validity of the will and have reportedly served notice to Mr Lodha to furnish a copy of the will.

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