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Fresh dispute brews in Khoday Group May 25, 2021 FIR claims ₹1,222 cr embezzled from group’s trust A fresh dispute has surfaced between two factions of the family members of the Khoday Group, the country’s oldest liquor company. A faction led by Padmanabhasa Khoday, one of the four brothers who own stakes in the Khoday Group, has filed an FIR in a police station in Bengaluru accusing his brother KL Swamy and his two sons and a finance manager of the Khoday Group of embezzling funds and assets worth ₹1,222 crore in the family’s LK Trust. The FIR states that KL Swamy was nominated as the managing trustee of LK Trust. However, by virtue of misrepresentation and by deceiving the complainant and beneficiaries of the trust, a supplemental deed was executed in 2011 by altering the basic structure of the original trust deed without the consent and approval of the beneficiaries, the FIR states. ....