Fraud case could be heard on the Island

Tuesday, 7 October 2014 at 00:00

A multi-million pound fraud case is likely to be heard on the Isle of Man.

The case involves an Indian billionaire, and his daughter, and centres on claims of fraud and other misconduct.

Niranjan Hiranandani was a former director of property investment fund Hirco plc.

Hirco claims he and his daughter Priya fed it misinformation that led it to invest £350 million in township developments in India - the company is now seeking damages in excess of £300 million.

The Isle of Man connection is with Cains Advocates which represents Hirco.

No definitive date for the start of the trial has yet been set.

More from Isle of Man News

Aurora-watchers could be in for Friday treat!

Could the Isle of Man get a celestial lightshow to kick off the weekend?
Peel's pulsing UFO has people perplexed

Did you see the UFO off the Island's west coast last night?
Peel MHK raises future of former care home

The future of a former care home in Peel will be raised by one of the town's MHKs.
Netflix film about Patrick's greatest boxer out in November

One of the Island's most famous residents will be starring in his own Netflix documentary next month.
Three buses won't run, eight more at risk today

Three bus services have been cancelled today with another eight at risk later.
Former chief minister to ask first question of new parliament

Former chief minister Alf Cannan will get to ask the first oral question of the new parliament next week.
New children's soft-play coming to tearooms in Laxey

A soft play area has been approved for a tea room in Laxey.
More dates added to food hygiene training

The Department of Environment, Food and Agriculture says high demand means it's added two more dates to a training scheme for food and drink businesses.

Fraud case could be heard on the Island

More from Isle of Man News

Comments